Aiadvertising, INC

AiAdvertising, Inc. announces the termination and non-renewal of contracts by two of its largest customers, impacting 40% of annual revenue and resulting in a 42% workforce reduction.

AiAdvertising, Inc. has announced the resignation of its Chief Financial Officer, John Small, and the appointment of Douglas Beck as the new CFO, effective November 22, 2024.

AiAdvertising, Inc. has announced the termination of Kevin Myers as Chief Marketing Officer, which also results in his resignation from the Board of Directors, effective November 8, 2024.

AiAdvertising, Inc. has amended its Certificate of Designation to increase the authorized number of Series I Preferred Stock shares from 3,000,000 to 3,400,000.

AiAdvertising, Inc. issued 1,000 shares of Series K Preferred Stock to its CEO, Gerard Hug, granting him 51% of the company's voting power.

AiAdvertising completed a $2.5 million investment tranche with Hexagon Partners, terminated a $10 million agreement with GHS Investments, and engaged ThinkEquity as a financial advisor for a national exchange listing.

AiAdvertising Inc. saw an increase in revenue and gross profit, alongside a decrease in net loss for the third quarter of 2024, compared to the same period in 2023.

AiAdvertising, Inc. saw a revenue increase in the second quarter of 2024, but net losses persisted, highlighting ongoing financial challenges.

AiAdvertising's first quarter of 2024 saw a net loss increase to $1.86 million, despite a slight decrease in revenue compared to the same period last year.

AiAdvertising Inc. saw a significant increase in revenue and a reduction in net loss for the year ended December 31, 2023, compared to the previous year.

Richard Berliner, a director at AiAdvertising, Inc., has acquired 25 million stock options, exercisable at $0.006, which vest over 36 months starting February 9, 2025.

Director Thomas O. Hicks, Jr. of AiAdvertising, Inc. was granted 25 million stock options on January 8, 2025, which vest monthly over three years.

AiAdvertising director Mark D Fruehan was granted 25 million stock options, vesting monthly over three years, according to a recent SEC filing.

AiAdvertising director James B. Renacci was granted 25 million stock options, exercisable at $0.006, according to a recent SEC filing.

AiAdvertising CEO Gerard Francis Hug amended his stock options, extending the expiration date and resulting in the cancellation of the old options and the grant of new ones.

AiAdvertising intends to implement a reverse stock split to meet Nasdaq's listing requirements and increase its stock's appeal to institutional investors.