ThreeD Capital Inc. Issues Early Warning Report in Connection with the Sale of Securities of Infinitii Ai Inc. - Latest Global News

ThreeD Capital Inc. Issues Early Warning Report in Connection with the Sale of Securities of Infinitii Ai Inc.

Article content

TORONTO, May 16, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF), a Canada-based venture capital firm focused on opportunistic investments in junior resource and focused on disruptive technologies, ThreeD announces that through a series of recent transactions (“Dispositions”), it acquired ownership and control of an aggregate of 5,159,000 common shares (the “Subject Shares”) of infinitii ai inc. has sold. (the “Company” or “infinitii”). As a result of the Divestitures, the percentage ownership interest of ThreeD and Sheldon Inwentash (the “Common Actor”) decreased by 4.1% compared to the most recent Early Warning Report filed in connection with the acquisition of infinitii securities, of which ThreeD jointly owned and operated with the Joint Actor Actor reported as 25.9% stake on partially diluted basis, assuming exercise of warrants, stock options and convertible bonds held.

Advertising 2

Article content

Immediately prior to the Divestitures, ThreeD and the Joint Actor owned and controlled an aggregate of 17,659,000 shares of common stock, 1,000,000 common stock purchase warrants, 1,000,000 stock options and convertible debentures subject to ThreeD and the Joint Actor’s purchase of 9,000,000 shares of common stock and 9,000,000 shares common stock warrants of the Company representing approximately 13.6% of all issued and outstanding common shares of infinitii (or approximately 25.2% on a partially diluted basis, assuming that the warrants, stock options and convertible debentures held are exercised). Of these, ThreeD held a total of 17,659,000 common shares and convertible debentures entitling ThreeD to acquire 8,000,000 common shares and 8,000,000 common share purchase warrants, representing approximately 13.6% of infinitii’s issued and outstanding common shares (or approximately 23.1% in part). (diluted basis, assuming that the convertible bonds held are exercised). The Joint Actor held an aggregate of 1,000,000 common stock purchase warrants, 1,000,000 stock options and convertible debentures entitling the Joint Actor to purchase 1,000,000 common shares and 1,000,000 common stock purchase warrants, representing 0.0% of the issued and outstanding common shares of infinitii (or approximately ) corresponds to 3.0% on a partially diluted basis, assuming that the warrants, stock options and convertible bonds held are exercised.

Article content

Article content

Advertising 3

Article content

Immediately following the Divestitures, ThreeD and the Joint Actor own and control an aggregate of 12,500,000 common shares, 1,000,000 common share purchase warrants, 1,000,000 stock options and convertible debentures entitling ThreeD and the Joint Actor to purchase 9,000,000 common shares and 9,000,000 common share purchase warrants Company, representing approximately 9.7% of all issued and outstanding common shares of infinitii (or approximately 21.8% on a partially diluted basis, assuming exercise of the warrants, stock options and convertible debentures held). Of these, ThreeD held a total of 12,500,000 common shares and convertible debentures entitling ThreeD to acquire 8,000,000 common shares and 8,000,000 common share purchase warrants, representing approximately 9.7% of infinitii’s issued and outstanding common shares (or approximately 19.6% in part). (on a diluted basis assuming the exercise of the convertible bonds held). The Joint Actor held an aggregate of 1,000,000 common share purchase warrants, 1,000,000 stock options and convertible debentures entitling the Joint Actor to purchase 1,000,000 common shares and 1,000,000 common share purchase warrants, representing 0.0% of infinitii’s issued and outstanding common shares (or approximately ) corresponds to 3.0% on a partially diluted basis, assuming that the warrants, stock options and convertible bonds held are exercised.

Advertising 4

Article content

The Company’s securities holdings through ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor could increase or decrease their investments in the Company or continue to maintain their current position at any time, depending on market conditions or other relevant factors.

The affected shares were sold for a total price of $227,270, or approximately $0.044 per affected share.

About ThreeD Capital Inc.

ThreeD is a publicly traded Canadian venture capital firm focused on opportunistic investments in junior resources and disruptive technology companies. ThreeD’s investment strategy is to invest in multiple private and public companies across various sectors worldwide. ThreeD seeks to invest in promising early-stage companies where it can be the lead investor and can also provide investee companies with advisory services and access to the company’s ecosystem.

For more information:
Matthew Davis, CPA
Chief Financial Officer and Corporate Secretary
[email protected]
Phone: 403-809-1140

The Canadian Securities Exchange has neither approved nor disapproved of the contents of this press release and assumes no responsibility for the adequacy or accuracy thereof.


Article content

Sharing Is Caring:

Leave a Comment