ImagineAR Inc. (CSE: IP), a Vancouver-based augmented reality engagement company, announced on November 4, 2026 that it entered into an agreement on November 2, 2026 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, to be satisfied entirely through the issuance of shares and pre-paid purchase warrants. The deal introduces a related-party dimension that investors will likely scrutinise, as the CEO of s3iai is the wife of ImagineAR's own CEO and director, Alen Silverrstieen.

Key Points

  • ImagineAR Inc. (CSE: IP) has agreed to acquire s3iai Inc., a Delaware-based agentic AI company.
  • The all-securities deal is valued at $1,727,468.16, paid via 68,891,154 Common Shares and 103,855,662 Pre-Paid Warrants at $0.01 each.
  • The acquisition is classified as a related-party transaction under MI 61-101; the company intends to rely on financial hardship exemptions.
  • Investors should watch for CSE approval and majority-of-the-minority shareholder approval for the Pre-Paid Warrants within three years of issuance.

s3iai's Agentic AI Platform and Target Sectors

s3iai describes itself as an agentic AI company whose platform goes beyond analysis to execute automated actions across enterprise systems including CRM, ERP, billing, and operational infrastructure. The release states the platform serves energy, professional services, and software sectors, supporting tasks such as predictive maintenance, work order automation, lead response acceleration, and customer churn prevention. Deployments are described as typically going live in under two weeks without replacing existing client systems. All pricing and contract decisions remain under human control, according to the announcement.

Deal Structure: Shares, Pre-Paid Warrants, and Hold Periods

ImagineAR will issue 68,891,154 Common Shares and 103,855,662 Pre-Paid Warrants to s3iai shareholders, both at an issue price of $0.01. Each Pre-Paid Warrant converts into one Common Share upon receipt of majority-of-the-minority shareholder approval, which must occur within three years of issuance. All securities are subject to a statutory hold period of four months plus one day from issuance. The company disclosed that no finder fees are payable in connection with the acquisition.

Related-Party Disclosure and MI 61-101 Exemptions

The acquisition is expected to constitute a related-party transaction under Multilateral Instrument 61-101 because the CEO and a shareholder of s3iai is the wife of ImagineAR CEO and director Alen Silverrstieen. The company states that a majority of its independent directors have determined it qualifies for financial hardship exemptions under Sections 5.5(g) and 5.7(e) of MI 61-101, allowing it to forgo a formal valuation and minority shareholder approval at this stage. The acquisition remains subject to CSE approval, and the material change report will be filed less than 21 days prior to closing due to the company's immediate financing needs.