AITX Cancels Previously Proposed Authorized Share Increase Following Reverse Stock Split

Detroit, Michigan--(Newsfile Corp. - March 16, 2026) - Artificial Intelligence Technology Solutions, Inc., (OTCID: AITXD) (the "Company"), a global leader in AI-driven security and productivity solutions, today announced that its Board of Directors has voted not to proceed with the previously proposed increase in the Company's authorized share count, following completion of the Company's 100-for-1 reverse stock split. To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/5243/288558_aitx-260316-1920x1080.jpg On March 2, 2026, the Company filed a Definitive Information Statement with the U.S. Securities and Exchange Commission related to a proposed increase of 3.8 billion authorized shares of common stock, which would have raised the Company's authorized common share count from 27.5 billion shares to 31.3 billion shares.