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Threed Capital Inc. Acquires Securities Of Infinitii Ai Inc.

PRIVATENov 10, 2022

Acquiring Company

ThreeD Capital

Acquired Company

Infinitii AI

VancouverSouth AfricaSustainability

Description

ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) a Canadian based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, announces that through a recent acquisition (the “Acquisition”), ThreeD acquired ownership and control of an aggregate of 105,000 common shares (the “Subject Shares”) of Infinitii AI Inc. (the “Company” or “Infinitii”). The Subject Shares represented approximately 0.1% of all issued and outstanding common shares of the Company at the time. As a result of the Acquisition, the percentage ownership held by ThreeD increased by 2% from the last early warning report filed in connection with the acquisition of Infinitii shares, from which ThreeD reported a 10.1% ownership on a partially diluted basis, assuming the exercise of warrants held.

Quick answer

ThreeD Capital is acquiring Infinitii AI, announced November 10, 2022. ThreeD Capital is based in Vancouver, British Columbia, Canada.

How much did ThreeD Capital pay for Infinitii AI?
The deal value was not disclosed.
What does ThreeD Capital do?
ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors.
Where are ThreeD Capital and Infinitii AI based?
ThreeD Capital is based in Vancouver, British Columbia, Canada. Infinitii AI is based in South Africa.

Source: Fundz verified event record.

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Company Information

Company

ThreeD Capital

Location

Vancouver, British Columbia, Canada

About

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem. For further information: Lynn Chapman, CPA, CAChief Financial Officer and Corporate Secretarychapman@threedcap.comPhone: 416-941-8900 The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

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Frequently asked

Who acquired Infinitii AI?

Infinitii AI was acquired by ThreeD Capital, based in Vancouver. The deal was reported on November 10, 2022. ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD Capital is privately held and operates in Sustainability.

When did ThreeD Capital acquire Infinitii AI?

ThreeD Capital's acquisition of Infinitii AI was reported on November 10, 2022. ThreeD Capital Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Infinitii AI do?

Infinitii AI is the company acquired in this transaction. It is privately held, and is based in South Africa.

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