In recent financial news, Representative Michael Waltz from Florida’s 6th congressional district has made notable transactions in BoodleAI, a leading company in artificial intelligence technology. The transactions took place on December 24, 2024, and were reported to authorities on December 27, 2024, as per the Periodic Transaction (JO:) Report. The AI sector has seen significant growth, with major publicly traded AI companies tracked on InvestingPro showing an average revenue growth of over 25% in the past year.
The transactions were twofold, both involving the same amount in the range of $50,001 to $100,000. The first transaction was a Simple Agreement for Future Equity, involving a mandatory conversion of preferred stock for common stock in BoodleAI. The second transaction was the receipt of common stock through the mandatory conversion of preferred stock.
It is important to note that these transactions were made in the form of stock, not publicly traded [PS], indicating that these are private shares within the company. The transactions were made as part of a new filing state, with the location of the transactions being within the United States.
Representative Waltz’s dealings with BoodleAI highlight the continued interest and investment in artificial intelligence technology by key figures. These transactions provide a glimpse into the financial activities of our elected officials, showcasing their investment strategies and interests in emerging tech industries.
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