New YorkMay 21, 2026 /PRNewswire/ — Univest Securities, LLC, a member of FINRA and SIPC, a full-service investment banking and securities brokerage and dealer firm, announced today that it has completed a private placement totaling $700,000 for its client Artificial Intelligence Technology Solutions Inc. (OTC: AITX, hereinafter referred to as the “Company” or “AITX”), a global leader in AI-driven security and productivity solutions.
Before deducting placement agent fees and other offering expenses, the total gross proceeds from this offering are approximately $700,000.
Univest Securities, LLC acted as the sole placement agent for this offering.
This press release does not constitute an offer to sell or a solicitation of an offer to buy securities. No securities transaction shall occur in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.
About Univest Securities, LLC
Univest Securities, LLC has been registered with FINRA since 1994, providing a variety of financial services to its global institutional and retail clients, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It is committed to delivering value-added services to its clients and focuses on building long-term relationships. As a well-known institution on Wall Street, Univest Securities has successfully raised over $1.8 billion in capital for global issuers and completed approximately 100 transactions covering a range of investment banking services since 2019, spanning industries such as technology, life sciences, industrials, and consumer goods. For more information, please visit: www.univest.us.
About Artificial Intelligence Technology Solutions Inc.
AITX is an innovative enterprise focused on artificial intelligence solutions, dedicated to helping organizations gain new insights, solve complex challenges, and improve operational efficiency. Through its subsidiaries, including: Robotic Assistance Devices, Inc. (RAD-I), Robotic Assistance Devices Mobile (RAD-M), Robotic Assistance Devices Group (RAD-G), and Robotic Assistance Devices Residential (RAD-R), AITX develops and provides a wide range of AI-driven technologies and services aimed at revolutionizing security, automation, and operational processes across multiple industries.
Through its core subsidiary RAD-I, AITX is reshaping the nearly $50 billion U.S. security and guard services industry with an AI-driven “Solutions as a Service” model1. RAD’s solutions can achieve cost savings of 35% to 80% compared to traditional manned security and surveillance. Its products include stationary and mobile autonomous systems that can supplement or even replace human security personnel in environments better suited for machines.
All of RAD’s technology, AI analysis systems, and software platforms are developed in-house. All of RAD’s solutions can integrate with mainstream industry platforms and workflows, including ongoing collaboration with central monitoring and remote monitoring software provider Immix, to promote the widespread adoption of AI security solutions in professional monitoring environments.
The Company has successfully completed a SOC 2 Type 2 audit, validating its operations and internal control systems, further enhancing the trust of enterprise and government clients in its data protection and compliance capabilities.
AITX is led by Steve Reinharz, Founder and CEO/CTO of the Company and all RAD subsidiaries. He has decades of experience in the security services industry. The management team of AITX and its subsidiaries possesses deep professional backgrounds in security, law enforcement, and robotics innovation, providing the Company with the capability to deliver mature, practical, and scalable solutions.
AITX and its subsidiaries currently have a strong sales pipeline, including opportunities with over 35 Fortune 500 companies, and continue to expand new business partnerships. The Company expects sustained growth as these potential projects gradually convert into formal deployment clients generating recurring revenue, with significant expansion potential within its existing customer base.
The Company’s solutions are currently widely applied across industries including enterprise, government, transportation, critical infrastructure, education, and healthcare.
For more information, please visit: www.aitx.ai, www.radsecurity.com, www.stevereinharz.com, www.raddog.ai, www.radgroup.ai, www.saramonitoring.ai, and www.radlightmyway.com. You can also follow Steve Reinharz on X at @SteveReinharz.
Forward-Looking Statements
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements relating to plans, objectives, strategies, future events or performance, and underlying assumptions and other statements that are not statements of historical fact. These statements are subject to uncertainties and risks, including but not limited to demand for and acceptance of products and services, changes in technology, economic conditions, the effects of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission (SEC). All such forward-looking statements, whether written or oral, whether made by the Company or Univest Securities, are expressly qualified by this cautionary statement and any other cautionary statements accompanying the forward-looking statements. Furthermore, Univest Securities, LLC and the Company undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of this announcement.
1 https://www.ibisworld.com/united-states/market-research-reports/security-services-industry/