$DATI - Management indicated that when DigitalAMN initially began making investments in TruCrowd-operated portals, DigitalAMN secured a 5% interest to start building a business relationship with TruCrowd’s management. At that time, TruCrowd only owned a single portal, but operated two. In 2018, DigitalAMN acquired a 19.9% stake (plus Warrants for an additional19.99%) in TruCrowd, Inc. That year, TruCrowd expanded to ultimately own and operate three portals [two sector focused portals and one general funding portal]. A comparative analysis study completed in 2019, suggested that the enterprise value of TruCrowd increased an estimated 3000%; attributed to increased revenue, a substantial increase in userbase, the success of it cannabis focused equity crowdfunding portal Fundanna.com, and the competitive average amount of money raised per startup.

https://www.nasdaq.com/press-release/digital-...0321-00625