ThreeD Capital Inc. Expands Stake in AI/ML Innovations Inc.
ThreeD Capital Inc. Expands Stake in AI/ML Innovations Inc.
ThreeD Capital Inc. (“ThreeD”) is a well-known Canadian venture capital firm that has recently strengthened its investment portfolio through a strategic acquisition. Through a private placement, ThreeD and its key associate Sheldon Inwentash have successfully acquired a substantial number of common shares of AI/ML Innovations Inc. This acquisition marks a significant step in their ongoing investment strategy focusing on disruptive technologies and resources.
Details of the Acquisition
Through this recent endeavor, ThreeD and the Joint Actor acquired ownership of a total of 9,000,000 common shares, along with the same amount in common share purchase warrants of AI/ML Innovations Inc. The implications of this acquisition are notable, as the shares constitute around 6.5% of all the issued and outstanding shares of AIML. This acquisition has led to an increase of more than 2% in the joint ownership from their last reported positions.
Ownership Before and After
Prior to this acquisition, ThreeD and the Joint Actor controlled a combined total of 9,514,200 common shares and an array of purchase warrants and stock options amounting to approximately 8.0% of AIML’s total shares. Among those, ThreeD itself held 8,949,200 common shares and a significant number of purchase warrants as well, reflecting a robust presence in the company.
Post-acquisition figures reveal a substantial increase in their holdings, with ownership now totaling 18,514,200 common shares and 23,065,000 common share purchase warrants. This strategic move elevates their ownership stake to roughly 13.4% of all issued shares, which illuminates ThreeD’s increasing influence over AIML's growth trajectory.
Investment Strategies of ThreeD Capital
ThreeD Capital is keenly focused on pursuing opportunistic investments across various sectors, particularly targeting junior resources and disruptive technologies. Their broad investment strategy is designed to include both mature and early-stage companies, emphasizing the potential for significant returns on investment.
Role as Lead Investor
As they navigate their ventures, ThreeD aims to position itself as a leading investor in promising enterprises, often offering not just financial backing, but also valuable advisory services. Their unique ecosystem empowers companies by providing guidance and resources that foster successful business development.
Future of Holdings
The newly acquired Subject Units were purchased for a total of $585,000, equating to $0.065 per share. As market conditions fluctuate, ThreeD and the Joint Actor plan to stay flexible in their investment approach, which may include increasing, decreasing, or maintaining their stake in AI/ML Innovations Inc. This adaptability reflects a prudent investment strategy aimed at maximizing shareholder value.
About ThreeD Capital Inc.
Established as a reputable player in the venture capital space, ThreeD is committed to discovering and nurturing upwardly mobile companies in the technology and resources sectors. Their ongoing investments are aimed at creating significant shareholder returns, ensuring they remain a vital force in the investment landscape.
Contact Information
For more information about their investments or corporate activities, interested parties can reach out to Matthew Davis, the Chief Financial Officer and Corporate Secretary of ThreeD Capital Inc., via email at davis@threedcap.com or by phone at 416-941-8900.
Frequently Asked Questions
What is the recent acquisition made by ThreeD Capital Inc.?
ThreeD Capital Inc. has acquired 9,000,000 common shares and purchase warrants of AI/ML Innovations Inc., increasing their ownership significantly.
How does this acquisition affect ThreeD's ownership percentage?
The acquisition raises ThreeD's ownership stake in AI/ML Innovations Inc. to approximately 13.4% of all issued shares.
What is ThreeD Capital's primary investment focus?
ThreeD Capital primarily invests in junior resources and disruptive technologies, aiming for high-potential startups and companies.
What is the total consideration paid for the Subject Units?
The acquisition was concluded for a total of $585,000, or $0.065 per Subject Unit.
Who to contact for more information about ThreeD Capital?
For inquiries, you can contact Matthew Davis at davis@threedcap.com or call 416-941-8900.
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