ThreeD Capital Inc. Joins Forces with Inwentash on Digital Asset Strategy

ThreeD Capital Inc. and Its New Partnership
In an exciting development, Canadian venture capital firm ThreeD Capital Inc. (CSE: IDK) (OTCQX: IDKFF) has announced a strategic partnership with its CEO, Sheldon Inwentash. This collaboration aims to unlock the potential of digital assets, bringing forth fresh opportunities for investment and growth.
Details of the Joint Operating Agreement
The recently formed Joint Operating Agreement aims to synchronize the digital resources of both parties to maximize their potential. ThreeD will contribute approximately 6,291,456 HyperCycle tokens, valued at $550,000 USD, while Mr. Inwentash will bring forth 12 HyperCycle masternodes to the operation.
How the Joint Operation Works
This partnership operates under a unique model where both contributors will maintain beneficial ownership of their assets. ThreeD will have control over the HyperCycle tokens, whereas Mr. Inwentash will hold ownership of the masternodes. However, for operational efficiency, custody of these masternodes will temporarily transition to a digital wallet controlled by ThreeD.
Sharing Revenues and Expenses
Revenue generated from this cooperative venture will be split equally between ThreeD and Mr. Inwentash. Should either party wish to withdraw their contributions, they simply need to provide 30 days' notice, adhering to outlined wind-down provisions. Notably, an income cap of $2,000,000 CAD is established, whereupon the operation will naturally conclude, and the assets returned to their owners minus any obligations.
Understanding Related Party Transactions
This transaction is categorized as a related party transaction due to Mr. Inwentash's dual role as a director and officer of the company. ThreeD is utilizing exemptions from formal valuation and minority approval requirements under relevant securities regulations, given that the transaction does not exceed 25% of the company's market capitalization.
The Future of ThreeD Capital Inc.
ThreeD Capital Inc. is focused on strategic investments in junior resources and disruptive technology companies. The firm's strategy centers on guiding early-stage businesses while benefiting from their growth trajectory. This collaborative effort with Mr. Inwentash positions ThreeD to expand its footprint in the burgeoning digital asset market.
Getting to Know ThreeD Capital Inc.
As a publicly traded firm, ThreeD targets diverse investments globally, with a keen interest in innovative sectors. The company aspires to identify promising ventures, often stepping in as a lead investor while providing valuable advisory services alongside financial support.
Contact Information
For additional information or inquiries, Jakson Inwentash, Vice President Investments, can be reached via email at jinwentash@threedcap.com or by phone at 416-941-8900 ext 107.
Frequently Asked Questions
What is the purpose of the Joint Operating Agreement?
The Agreement aims to monetize complementary digital assets held by ThreeD Capital Inc. and CEO Sheldon Inwentash.
How are revenues shared in this agreement?
Revenues generated from the Joint Operation will be shared equally, with both parties taking a 50% share.
What assets are being contributed to the Joint Operation?
ThreeD is contributing HyperCycle tokens while Mr. Inwentash is contributing HyperCycle masternodes.
Are the contributed assets owned equally?
Yes, both parties retain beneficial ownership of their respective assets while controlling operations together.
What happens if one party wants to withdraw from the agreement?
Either party can withdraw their contributed assets with a 30-day notice, following specified wind-down procedures.
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