ImagineAR Inc. (CSE: IP), a Vancouver-based augmented reality engagement company, announced on November 4, 2026 that it has entered into an agreement to acquire all issued and outstanding shares of s3iai Inc., a Delaware-based agentic artificial intelligence company. The deemed acquisition price is $1,727,468.16, payable entirely through the issuance of common shares and pre-paid purchase warrants. The transaction is classified as a related party transaction under applicable securities rules, adding a layer of regulatory scrutiny investors should monitor closely.

Key Points

  • ImagineAR Inc. (CSE: IP) has agreed to acquire Delaware-based agentic AI company s3iai Inc.
  • The deemed acquisition price is $1,727,468.16, structured entirely as a share and warrant issuance — no cash consideration disclosed
  • ImagineAR will issue 68,891,154 common shares and 103,855,662 pre-paid warrants at $0.01 each; all securities carry a four-month-plus-one-day statutory hold period
  • Investors should watch for CSE approval and majority-of-the-minority shareholder approval for warrant conversions within three years of issuance

Structure of the s3iai Acquisition and Share Issuance Terms

ImagineAR entered into the acquisition agreement on November 2, 2026. Under the terms, the company will issue 68,891,154 common shares and 103,855,662 pre-paid purchase warrants to s3iai shareholders, each priced at $0.01. The pre-paid warrants are exercisable into one common share each upon receipt of shareholder approval on a majority-of-the-minority basis, to be obtained within three years of issuance. All securities issued are subject to a statutory hold period of four months plus one day. The release states no finder fees are payable in connection with the transaction.

Related Party Disclosure and Financial Hardship Exemption Under MI 61-101

The acquisition is expected to be considered a related party transaction because the CEO and a shareholder of s3iai is the wife of Alen Silverrstieen, ImagineAR's CEO and a director. Under Multilateral Instrument 61-101, this would ordinarily require a formal valuation and minority shareholder approval. However, ImagineAR's independent directors have determined the company will rely on the "financial hardship" exemptions under Sections 5.5(g) and 5.7(e) of MI 61-101. The release notes the material change report will be filed less than 21 days before closing due to the company's immediate financing needs arising from this acquisition.

What s3iai's Agentic AI Platform Brings to ImagineAR

s3iai describes its platform as action-oriented agentic AI that integrates with existing CRM, ERP, billing, and operational systems rather than replacing them. The release states deployments typically go live in under two weeks. The platform serves energy, professional services, and software sectors, automating tasks such as work order management, regulatory compliance preparation, and customer retention interventions. Human oversight is retained over pricing and contract decisions. The acquisition represents a material strategic shift for ImagineAR, which has historically focused on augmented reality experiences for sports franchises and consumer brands.