TORONTO, February 10, 2023 (GLOBE NEWSWIRE) — 3D Capital Inc. (“3D”) idkidkff a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors, announced that through the completion of a private placement (the “Acquisition”), 3D and Sheldon Inventush (the “Joint Actors”) owned Have achieved. unsecured convertible debentures (“Subject Debentures”) convertible into 5,000,000 units (“Subject Units”) of Infinitii AI Inc. (“Company” or “Infinity”). Each Subject Unit consists of one common share of the Company (each, a “Subject Convertible Share”) and one warrant to purchase one Common Share (each, a “Subject Convertible Warrant”). As a result of the acquisition, the percentage ownership held by 3D increased to 6.7% from the last preliminary warning report filed in connection with the acquisition of the Infinity shares, of which 3D reported ownership of 14.7% on a partially diluted basis, assuming the exercise of warrants held.
Immediately prior to the acquisition, 3D and the combined actor held 17,659,000 common shares and 2,000,000 Infinity warrants, representing approximately 14.0% (or approximately 15.3% on a partially diluted basis) of all issued and outstanding common shares of the Company. Used to do , assuming the exercise of warrants held). Of this total, 3D holds a total of 17,659,000 common shares and 2,000,000 warrants of the Company, representing approximately 14.0% of the issued and outstanding common shares (or approximately 15.3% on a partially diluted basis, subject to the exercise of warrants considering). The Joint Actor held no common shares or convertible securities of the Company.
Immediately following the acquisition, 3D and the Joint Actor owned and controlled 17,659,000 common shares, 2,000,000 warrants and convertible debentures, entitling 3D and the Joint Actor to receive 5,000,000 subject convertible shares and 5,000,000 subject convertible warrants. approximately 14.0% of all issued and outstanding common shares of the Company (or approximately 21.4% on a partially diluted basis, assuming the exercise of warrants and the subject debentures). Of this total, 3D holds 17,659,000 common shares, 2,000,000 warrants, and convertible debentures of the Company, entitling 3D to receive 4,000,000 subject convertible shares and 4,000,000 subject convertible warrants issued and outstanding common of Infinity Represents approximately 14.0% of the shares. (or approximately 20.3% on a partially diluted basis, assuming exercise of warrants and the subject debentures). The Joint Actor holds only the Convertible Debentures, which entitles the Joint Actor to receive 1,000,0000 Subject Convertible Shares and 1,000,000 Subject Convertible Warrants, representing 0.0% of the issued and outstanding Common Shares of Infinity (or partial Approximately 1.6% on a diluted basis, assuming exercise) subject debentures held).
The acquisition was done through a private placement and not through the facilities of a stock exchange. The holdings of securities of the Company by Inventash and the Joint Actor are managed for investment purposes, and Inventash or the Joint Actor may at any time increase or decrease its investment in the Company, or maintain its current position depending on market conditions. may continue to hold. or any other relevant factor.
Subject debentures were acquired for an aggregate payment of $350,000.
3D Capital Inc. About this
3D is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in companies in junior resource and disruptive technology sectors. 3D’s investment strategy is to invest in a number of private and public companies in various sectors globally. 3D seeks to invest in early stage, promising companies where it can be the lead investor and additionally provide investors with advisory services and access to the company’s ecosystem.
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