AiAdvertising is a tech company that uses AI and ML to help marketers make better ads. Their cloud-based platform, called the Ai Ad Platform, can predict successful ads, create more leads, and increase ROI.
AiAdvertising, a next-gen AdTech firm, has received $5 million from Texas-based investment company, Hexagon Partners, with a potential to go up to $9.25 million. The investment will help the company become a leader in applying AI and ML technologies to marketing and advertising solutions.
AiAdvertising also announced the return of strategic advisor Brad Parscale to provide valuable advice for the company’s growing trend of businesses that embrace foundational American values. The investment by Hexagon Partners was structured as the purchase of newly designated Series I Preferred Stock. AIAD – AIADVERTISING INC. | News | OTC Markets
As a digital consultant and political advisor, Brad Parscale played a key role in both of Donald Trump’s presidential campaigns, serving as the digital media director in 2016 and as campaign manager from 2018 to 2020. Parscale’s expertise in data and digital operations helped Trump’s campaigns leverage technology to reach and mobilize voters. However, Parscale’s tenure ended with controversy, as he was replaced as campaign manager in July 2020 and later announced that he was stepping away from his role to focus on his family and mental health. Overall, Parscale’s contributions to Trump’s campaigns were significant, but his departure also highlights the intense pressure and stress of political campaigns.
On April 10, 2023, AiAdvertising, Inc. agreed to sell a portion of its shares to a company called Hexagon Partners, Ltd. They made a deal where Hexagon Partners could buy up to 2,918,560 shares of a certain type of stock called “Series I Preferred Stock” for a total price of $9,250,000. This would happen in three parts, and the first part already took place on April 11, 2023. During that first part, Hexagon Partners bought 2,272,727 shares of the stock for $2.20 per share. AiAdvertising also gave Hexagon Partners the option to buy more shares at a later time for higher prices. AiAdvertising, Inc. (Form: 8-K, (otcmarkets.com)
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