Acquiring Company
ThreeD Capital
Acquired Company
Infinitii AI
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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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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