Artificial Intelligence Technology Solutions Inc. 10-Q

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS Date Transaction Consideration Shares Issued March 9, 2026 Debt exchange* $224,000 in accrued interest exchanged for common shares at a fair value of $280,000 for a loss on settlement of debt of $56,000 7,000,000 March 12, 2026 Common share issuance Rounding shares on reverse split 43 March 19,2026 Series C share issuance* Issuance of 222 Series C Convertible Preferred including 22 Series C share Commitment fee for proceeds of $200,000 — March 19,2026 Conversion of Series C Preferred Shares* Conversion of 165 Series C shares for fair value of $216,810 13,550,625 March 20,2026 Debt exchange* $112,000 in accrued interest exchanged for common shares at a fair value of $630,700 for a loss on settlement of debt of $518,700 7,000,000 March 25,2026 Convertible debt issuance* $110,000 Convertible note that converts after 180 days at 80% of the lowest traded price 15 prior trading days — March 25, 2026 Convertible debt issuance* $630,000 Convertible note that converts after 180 days with penalty at 20% of the lowest traded price 15 prior trading days. This loan was repaid May 5, 2026. — March 25, 2026 Common share issuance* Commitment fee returnable to the Company as $630,00 debt was repaid on May 5, 2025 14,100,000 April 9, 2026 Convertible debt issuance* $257,000 Convertible note that converts after 180 days at 65% of the average of the three lowest traded prices 10 prior trading days — April 20, 2026 Convertible debt issuance* $277,778 Convertible note that converts at 75% of the lowest traded prices 10 prior trading days — April 20, 2026 Common share issuance* Commitment fee on April 20 ,2026 convertible note 5,000,000 May 1, 2026 Convertible debt issuance* $257,000 Convertible note that converts after 180 days at 65% of the average of the three lowest traded prices 10 prior trading days — February 11, 2025 Series C share issuance* Issuance of 306 Series C Convertible Preferred for cash proceeds of $278,580 April 27, 2026 Debt exchange* $185,600 in accrued interest exchanged for common shares at a fair value of $220,800 for a loss on settlement of debt of $35,200 8,000,000 May 4, 2026 Convertible debt issuance* $700,000 Convertible note that converts at 65% of the lowest closing bid prices 10 prior trading days — May 4, 2026 Common share issuance* Commitment fee issuable on May 4 ,2026 convertible note (2) 1,250,000 May 5, 2026 Debt exchange* $80,000 in accrued interest exchanged for common shares at a fair value of $100,000 for a loss on settlement of debt of $20,000 5,000,000 May 6, 2026 Conversion of Series C Preferred Shares* Conversion of 40 Series C shares for fair value of $52,560 3,285,000 May 12, 2026 Conversion of Series C Preferred Shares* Conversion of 93 Series C shares for fair value of $122,202 7,637,625 May 27, 2026 Debt exchange* $144,300 in principal and accrued interest exchanged for common shares at a fair value of $222,000 for a loss on settlement of debt of $77,700 12,000,000 May 29, 2026 Convertible debt issuance* $138,889 Convertible note that converts at 65% of the lowest traded prices 10 prior trading days — March 1, 2026-May 31, 2026 Other registered sales Various prices 36,786,492 Number of shares outstanding May 31, 2026 388,482,589 * Sold under rule 144 - 34 - Table of Contents ITEM 3. DEFAULTS UPON SENIOR SECURITIES The Company has not defaulted upon senior securities. ITEM 4. MINE SAFETY DISCLOSURES Not applicable to the Company.