Redwood AI settles debt with share issuance
Redwood AI Corp. has announced the closing of its previously disclosed debt settlements. The company issued shares to creditors to satisfy outstanding obligations.
Vancouver, British Columbia – February 27, 2026 – Redwood AI Corp. announced today the completion of its previously announced debt settlements with a director and other creditors. The company issued an aggregate of 236,003 common shares, valued at $1.71 per share, to fully settle outstanding indebtedness totaling $403,571.96.
The settlements were finalized through agreements dated February 20, 2026. The newly issued shares are subject to a customary four-month-and-one-day hold period, set to expire on June 28, 2026.
Among the transactions, 77,414 shares were issued to Thorlund Holdings Inc., an entity controlled by Kristian Thorlund, and 2,968 shares were issued directly to Kristian Thorlund. These issuances were considered related party transactions, for which the company relied on exemptions from formal valuation and minority approval requirements due to the transactions not exceeding 25% of the company's market capitalization.
Redwood AI develops AI-powered software and analytics solutions for chemical and pharmaceutical development. Its platform integrates AI models, cheminformatics, and operational data to streamline synthesis planning, process optimization, and supply chain decision-making.