AiAdvertising Announces Second Equity Investment Tranche of $2.5 Million from Hexagon Partners

• Capital Will Allow for Expansion of Sales and Marketing Initiatives

• Cancels $10 Million Securities Purchase Agreement with GHS Investments

• Retained ThinkEquity as Financial Advisor

AiAdvertising, Inc., an industry leader in AI-powered advertising solutions, today completed the second tranche of its securities purchase agreement with Hexagon Partners, Ltd., a Texas-based investment company, for a strategic investment of $2.5 million.

On April 11, 2023, AiAdvertising entered into a securities purchase agreement with Hexagon Partners, Ltd. for a strategic investment of $5.0 million and potentially up to $9.25 million. The investment by Hexagon Partners was structured as the purchase of newly designated Series I Preferred Stock of the Company that converts into AIAD’s common stock at a ratio of 1 to 400. In addition to the initial $5.0 million investment, the transaction provided an option for two additional tranches totaling another $4.25 million investment, with a total blended underlying as-converted common share price that represents an aggregate investment at a premium to the closing price of AIAD’s common stock. The $2.5 million second tranche transaction closed on January 30, 2024, and completes the investment.

Securities Purchase Agreement Terminated on January, 30 2024

On March 28, 2022, the Company entered into purchase agreement with GHS Investments, LLC, a Nevada limited liability company, to buy from the Company, up to $10,000,000 worth of the Company’s registered common stock, $0.001 par value per share from time to time. From March 28, 2022, through January 30, 2024, the Company sold an aggregate of 259,661,078 shares of common stock at an average price of $0.007 per share for gross proceeds of approximately $1.79 million under the agreement. On January 30, 2024, the Company terminated the purchase agreement with GHS Investments.

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ThinkEquity Hired as Financial Advisor to list on a National Exchange

On January 12, 2024, AiAdvertising engaged ThinkEquity LLC, a boutique investment bank, to act as AiAdvertising’s financial advisor to list to a national exchange.

“We are privileged to extend our partnership with Hexagon Partners, and we celebrate their continued confidence in our company,” said Jerry Hug, CEO of AiAdvertising. “The new investment will enable us to focus on further development of our AI-powered targeting solutions to generate more engaging, higher-impact campaigns that drive results for our clients. In addition, with the new investment from Hexagon to propel our sales efforts, we believe we will reach cashflow breakeven in the near-term. While we have valued our relationship with GHS Investments, we believe our improving business metrics will allow us to raise capital more efficiently than in the past, and consequently, we have cancelled our $10 million Purchase Agreement with GHS.

“We are also excited to partner with ThinkEquity to explore listing our shares on a national exchange, which will represent a significant milestone for the Company. As we leverage our strong momentum to focus on delivering superior results to our clients, being listed on a national exchange increases corporate visibility, improves liquidity, and raises awareness of AiAdvertising in the financial markets. We look forward to working with the team at ThinkEquity for a successful uplisting,” concluded Hug.

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