Market Flux Event
Uniserve Secures $4 Million Loan to Buy More NVIDIA B300 Systems for Canadian AI Infrastructure
Read this in the Market Flux appUniserve Communications Corporation (TSXV: COMP) has secured a fully committed $4 million non-convertible, non-revolving loan to fund the acquisition of additional NVIDIA B300 GPU-based systems, expanding its AI compute capacity within Canada. The investment builds on the company's existing deployment of B300 servers and is aimed at customers who need powerful AI compute infrastructure with Canadian data residency.
The loan bears interest at 8% per annum, carries a 5% loan fee, and matures 12 months after the initial advance. It is not repayable on demand prior to maturity. The transaction constitutes a related-party transaction under Multilateral Instrument 61-101. Gautam Lohia, Chairman and CEO of Uniserve, framed the move as part of a broader strategy to combine Canadian data centre infrastructure with advanced compute and managed services under a single accountable technology partner.
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Sources
- Newsfile_CorpUniserve To Acquire Additional NVIDIA B300 Systems to Expand Canadian AI Compute Capacity; $4 Million Loan Secured Full Story: #UniserveHelp $COMP.CA #COMP.V #USSHF #Cyberecurity #GautamLohia #ManagedIT #MSP #Uniserve #Technology #Acquisition #OTC
- FinancialjuiceUniserve Communications to acquire more Nvidia B300 systems to boost Canadian AI compute capacity; secures $4 million loan
- FirstSquawkUNISERVE COMMUNICATIONS TO ACQUIRE MORE NVIDIA B300 SYSTEMS TO BOOST CANADIAN AI COMPUTE CAPACITY; SECURES $4 MILLION LOAN