ThreeD Capital Inc. Broadens Stake in Quebec Innovative Materials
ThreeD Capital Inc. Expands Holdings in Innovative Materials
ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) is making waves in the investment community with its latest moves. The Canadian venture capital firm, known for its focus on the junior resources and disruptive technologies sectors, has recently increased its ownership in Quebec Innovative Materials Corp (QIMC). Through several strategic transactions conducted in recent weeks, ThreeD successfully acquired a total of 2,196,000 common shares of QIMC, which now constitutes roughly 2.4% of the total shares issued and outstanding.
Ownership Increase and Its Significance
Before these acquisitions, ThreeD and its Joint Actor collectively owned around 8,800,000 common shares and 5,000,000 common share purchase warrants of QIMC, representing about 9.4% of all the company's outstanding shares. After the latest transactions, ThreeD and the Joint Actor now control 10,996,000 shares and 5,000,000 warrants of QIMC, equal to about 11.8%. This ownership spike is significant as it underscores the confidence that ThreeD holds in the future of QIMC.
Investment Strategy Overview
The investments made by ThreeD in QIMC align perfectly with its overall strategic focus. The firm seeks to invest in promising companies, particularly in early-stage ventures where it can play a pivotal role as a lead investor. ThreeD not only provides funding but also advisory services and facilitates access to a broader ecosystem, thus ensuring that its investees can grow and thrive.
Market Position and Future Outlook
As market conditions fluctuate, ThreeD remains agile, ready to either augment or adjust its investments in QIMC based on various relevant factors. This flexibility exemplifies the firm's proactive approach to investment management.
Acquisition Details
The Subject Shares acquired by ThreeD were procured through the Canadian Securities Exchange, costing approximately $276,597 or roughly $0.126 per share. Such investments point to ThreeD's commitment to securing positions in sectors demonstrating growth potential.
About ThreeD Capital Inc.
ThreeD Capital Inc. operates as a publicly-traded entity in Canada, with a keen interest in making opportunistic investments across various sectors, emphasizing junior resource ventures and disruptive technologies. The firm aims to diversify its investments by engaging with multiple private and public companies globally.
Contact Information
For further details about the company and its investment strategies, you can reach out to:
Matthew Davis, CPA
Chief Financial Officer and Corporate Secretary
Email: davis@threedcap.com
Phone: 416-941-8900
Frequently Asked Questions
What is the recent acquisition made by ThreeD Capital Inc.?
ThreeD Capital Inc. has acquired 2,196,000 common shares of Quebec Innovative Materials Corp, increasing its ownership to a total of 11.8% of the company's outstanding shares.
How does this acquisition fit into ThreeD’s investment strategy?
It aligns with ThreeD's strategy of investing in promising early-stage companies, where they can provide both capital and advisory support.
What percentage of shares does ThreeD Capital Inc. control after the acquisition?
Post-acquisition, ThreeD controls approximately 11.8% of the outstanding shares of Quebec Innovative Materials Corp.
How does ThreeD Capital Inc. make investment decisions?
The firm assesses market conditions and potential growth factors before deciding whether to increase, decrease, or maintain its investments.
Who can I contact for more information about ThreeD Capital Inc.?
For inquiries, you can contact Matthew Davis, the Chief Financial Officer, via email at davis@threedcap.com or call 416-941-8900.
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