Miivo Holdings Corp (TSX-V:MIVO) said its board of directors has approved a proposed name change to Miivo AI Inc.
The company said the new name better reflects its strategic focus on artificial intelligence technologies and solutions.
"The name Miivo AI Inc. is a natural and deliberate reflection of who we are and where we are going," said Alexander Damouni, Miivo’s CEO. "We have been focused on building AI-powered solutions for SMEs and this name change ensures our corporate identity aligns with that mission. Artificial intelligence is not a feature of our business; it is the foundation of it."
CFO Rabih Brair said the name change marks a further step in the company's strategic evolution, describing the transition from an investment issuer to a technology company with a clear AI mandate.
The company's trading symbol "MIVO" is expected to remain unchanged, subject to TSXV approval. No consolidation of share capital is being undertaken in connection with the name change, and shareholder rights will not be affected.
Miivo said it will issue a further news release once the TSXV has accepted the name change and an effective trading date under the new name has been established.