$DATI - Management indicated that when DigitalAMN
Post# of 25327
(Total Views: 165)
Posted On: 03/21/2019 11:52:21 AM
$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
https://www.nasdaq.com/press-release/digital-...0321-00625
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