Alteration Earth completes the reverse takeover of Pri0r1ty AI, change of name to Pri0r1ty Intelligence Group and admission to AIM
December 2024
Alteration Earth was established as a special purpose acquisition company (SPAC) with the objective of acquiring a company, business, project or asset in the clean technology and/or clean energy sectors. The Company utilises the substantial specialist experience of its management team, its strategic partnership with Gneiss Energy and their network and relationships.
It floated on the Standard Segment of the LSE Main Market on 1 July 2022.
Pri0r1ty AI is an Artificial Intelligence driven; data powered Software as a Service (SaaS) solution that aims to help businesses at various stages of their journey by creating efficiency through technology. The Group’s objective is to assist mainly SMEs by providing a combination of services derived from deep learning, data architecture and AI models.
The Company has built a digital agent for automated business processes, whose underlying technology is Pri0r1ty Advisor, a bespoke AI-powered advisory bot that uses Deep Learning and can engage investors, customers or stakeholders either on a website, Instant Messenger or email server. It will collect data on customer interactions to enrich the language model and build community interest maps that power content creation and additional support services.
Pri0r1ty Advisor is a smaller Large Language Model built solely on training data for a specific business user. This model can be used by businesses to engage stakeholders, drive efficiency and collect consumer data. It aims to have multiple product lines in four different product verticals: corporate governance, financing, brand management and marketing; each service will be driven by a custom artificial intelligence GPT bot that is built and trained specifically for each customer.
Acquisition, Placing and Admission to Trading on AIM
On 30 December 2024 admission and the first day of dealings commenced by way of a Placing and Subscription for £855,000 and issue of Consideration Shares. The Perivan shareholder communications team was delighted to work with Beaumont Cornish who was appointed as Nominated Adviser on the successful production and publication of the 100-page admission document.
For further information, click here.
Perivan is the market leader for admission document production and specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.
