Artificial Intelligence Technology Solutions Inc. 8-K

What Happened

• Artificial Intelligence Technology Solutions Inc. (AITX) filed an 8-K stating that a Certificate of Amendment reducing the company’s authorized common stock was accepted for filing by the Nevada Secretary of State on July 15, 2026, making the authorized share decrease effective on that date. The Board and the holder of a majority of voting power approved the change by written consent on March 19, 2026, and the Company previously disclosed the proposal in Schedule 14C information statements filed March 20 and March 30, 2026.
• The filing also includes Item 4.02 disclosure that management is evaluating the design and operating effectiveness of the Company’s disclosure controls and procedures in light of a related matter and will report conclusions and any remediation in amended Form 10-K/A and Form 10-Q/A filings.

Key Details

• Authorized common shares decreased by 15,500,000,000 shares — from 27,500,000,000 to 12,000,000,000 shares.
• Total authorized capitalization is now 12,020,000,000 shares: 12,000,000,000 common (par $0.00001) and 20,000,000 preferred (par $0.00001).
• Certificate of Amendment was accepted for filing by the Nevada Secretary of State on July 15, 2026 and is filed as Exhibit 3.1 to the 8-K.
• Management will report the results of its evaluation of disclosure controls and any remediation measures in the referenced amended periodic reports (10-K/A and 10-Q/A).

Why It Matters

• A reduction in authorized shares limits the maximum number of shares the company can issue going forward; this is a corporate-structural action that can affect future capital-raising, stock-based compensation and shareholder dilution scenarios.
• The Item 4.02 disclosure signals that management is reviewing disclosure controls and may amend prior reports if changes are required; investors should watch for the forthcoming amended 10-K/A and 10-Q/A for details that could affect the company’s reported financials or governance disclosures.