Core Viewpoint - ThreeD Capital Inc. has completed a private placement acquisition of 9,000,000 common shares and 9,000,000 common share purchase warrants of AI/ML Innovations Inc., increasing its ownership stake in the company to approximately 13.4% of all issued and outstanding common shares [1][3]. Group 1: Acquisition Details - The acquisition involved ThreeD and Sheldon Inwentash acquiring a total of 9,000,000 common shares, representing about 6.5% of AIML's outstanding shares at the time [1]. - Prior to the acquisition, ThreeD and the Joint Actor held 9,514,200 common shares and 14,065,000 common share purchase warrants, equating to approximately 8.0% of AIML's outstanding shares [2]. - Following the acquisition, ThreeD and the Joint Actor now control 18,514,200 common shares and 23,065,000 common share purchase warrants, representing approximately 13.4% of AIML's outstanding shares [3]. Group 2: Financial Aspects - The total consideration for the Subject Units acquired was $585,000, translating to $0.065 per Subject Unit [5]. - On a partially diluted basis, the ownership stake of ThreeD and the Joint Actor is approximately 26.0%, assuming the exercise of all warrants and options held [3]. Group 3: Company Profile - ThreeD Capital Inc. is a Canadian-based venture capital firm focused on opportunistic investments in junior resources and disruptive technologies sectors [6]. - The firm's investment strategy includes investing in multiple private and public companies globally, particularly in early-stage promising companies [6].
ThreeD Capital Inc. Issues Early Warning Report in Connection with the Acquisition of Securities of AI/ML Innovations Inc.