Redwood AI Provides Update on its Definitive Agreement with Quantum.IQ

Vancouver, Canada – TheNewswire - July 6, 2026 – Redwood AI Corp. (CSE: AIRX ) (OTCQB: RDWCF ) (Frankfurt: Y0N , WKN: A422EZ ) (“ Redwood ” or the “ Company ”) is pleased to announce, further to its news releases dated May 28, 2026 and June 26, 2026, that the Company intends to complete the acquisition (the “ Acquisition ”) of Quantum.IQ Technologies Inc. (“ Quantum.IQ ”) on or about July 10, 2026, subject to the satisfaction or waiver of customary closing conditions. The Acquisition will be completed pursuant to a share purchase agreement among Redwood, Quantum.IQ and the shareholders of Quantum.IQ dated June 26, 2026 (the “ Purchase Agreement ”). Completion of the Acquisition remains subject to customary closing conditions, including receipt of all required corporate, regulatory and stock exchange approvals, execution and delivery of the escrow agreement, the absence of any material adverse change affecting either Redwood or Quantum.IQ, and other conditions customary for a transaction of this nature. There can be no assurance that the Acquisition will be completed on the terms contemplated by the Purchase Agreement, or at all. The Company intends to issue 50,000 common shares of

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