Sichenzia Ross Ference Carmel LLP Represents AiAdvertising, Inc. in a $2.5 Million Private Placement

Press Release – New York, NY – February 6th, 2024 – Sichenzia Ross Ference Carmel LLP announced today that it represented AiAdvertising, Inc. (OTC: AIAD),  an AI-powered solutions provider employing the industry’s scientifically advanced, patent-pending AI targeting process, in a $2,500,000 private placement of Series I Preferred Stock.

AiAdvertising sold 892,857 shares of Series I Preferred Stock at a purchase price of $2.80 per share of Series I Preferred Stock. This was the second tranche of an offering pursuant to a securities purchase agreement entered into between AiAdvertising and Hexagon Partners, Ltd., a Texas based investment company.

The Sichenzia Ross Ference Carmel LLP team was led by partners Gregory Sichenzia, Marcelle Balcombe, and senior paralegal Raquel Vazquez.

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Sichenzia Ross Ference Carmel LLP

SRFC is a full-service law firm with nationally recognized corporate, securities, and litigation practices that provides experienced representation in all matters involving the securities industry. In addition to handling routine to complex commercial matters, SRFC’s renowned litigation and regulatory department specializes in defending broker-dealers, registered persons, public and private corporations, and individuals in investigations and enforcement proceedings before the SEC, FINRA, and other regulatory bodies, as well as litigations and arbitrations across all forums in the securities industry, including class action lawsuits, shareholder derivative actions, and matters involving allegations of fraud, misrepresentation or other securities violations.

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