TORONTO, ON – June 17, 2019 – Artificial Intelligence company, AnalytixInsight Inc. (TSX-V: ALY; OTCQB: ATIXF) (the “Company” or “AnalytixInsight”) is pleased to announce that it has expanded its AI-driven research distribution initiative with Refinitiv, and has arranged a non-brokered private placement financing of approximately $1.3 million.
AnalytixInsight has expanded its AI-driven research distribution with Refinitiv and will initiate dividend analysis coverage on approximately 3,000 dividend-paying companies in Canada, US and the UK. The CapitalCube dividend analysis report provides powerful insights, analysis and scoring regarding a company’s dividend quality, yield, coverage, flexibility, payment history, peer comparisons and sustainability.
AnalytixInsight and Refinitiv have also expanded the scope of CapitalCube’s pre-revenue analysis reports that are currently provided to Refinitiv. Coverage on pre-revenue companies located in Italy, Germany, Hong Kong and Japan will now begin in response to increasing client usage of the North American reports currently in production.
AnalytixInsight also announces a non-brokered private placement financing for gross proceeds of approximately $1,300,000 at a price of $0.40 per unit (the “Offering”). Each unit consists of one common share of the Company and one half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one common share at $0.65 per share for a period of 36 months. The Company may pay finder’s fees in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The proceeds of the Offering are expected to be used for the Company’s growth initiatives and general corporate purposes. The Offering is expected to close on or about June 21, 2019. All securities issued by the Company will be subject to a statutory hold period of four months and one day. Completion of the Offering is subject to a number of conditions, including TSX Venture Exchange approval.
Prakash Hariharan, CEO of AnalytixInsight, commented, “We are extremely pleased with the progress of our Refinitiv initiative, and the increasing investor support we are receiving regarding our strategic initiatives.”
Refinitiv is one of the world’s largest providers of financial markets data and infrastructure, serving over 40,000 institutions in over 190 countries. It provides leading data and insights, trading platforms, and open data and technology platforms that connect a thriving global financial markets community - driving performance in trading, investment, wealth management, regulatory compliance, market data management, enterprise risk and fighting financial crime. For more information visit: www.refinitiv.com.
AnalytixInsight’s machine-learning financial portal, CapitalCube.com, provides comprehensive company analysis and on-demand fundamental research on over 50,000 global equities and North American ETFs. CapitalCube algorithmically generates insightful analysis, transforms numeric data into narratives, and distributes content to leading financial partners.
VP Corporate Development
ABOUT ANALYTIXINSIGHT INC.
AnalytixInsight Inc. is an Artificial Intelligence, machine-learning company. AnalytixInsight’s financial analytics platform CapitalCube.com algorithmically analyzes market price data and regulatory filings to create insightful actionable narratives and research on approximately 50,000 global companies and ETFs, providing high-quality financial research and content for investors, information providers, finance portals and media. AnalytixInsight also designs and implements Workforce Optimization solutions for large global enterprises. AnalytixInsight holds a 49% interest in Marketwall, a developer of FinTech solutions for financial institutions. For more information, visit AnalytixInsight.com.