The Details Behind the Transactions
On October 11, 2024, Canadian-based venture capital firm ThreeD Capital Inc. executed a series of transactions, leading to the disposal of ownership and control of 10,750,000 common shares of Birchtree Investments Ltd. This move amounted to around 12.9% of all issued and outstanding common shares of the Company.
Reduced Holdings and Market Impact
Following these dispositions, ThreeD Capital’s ownership stake in Birchtree diminished to less than 10%, sliding down from a previous 15.7%. Prior to the transactions, ThreeD held approximately 12.9% of Birchtree’s common shares on a non-dilutive and partially dilutive basis.
Strategic Investment Considerations
These actions were completed through the Canadian Securities Exchange and were driven by ThreeD’s investment strategy focusing on the junior resources and disruptive technologies sectors. The disposal totaled $215,000, equivalent to approximately $0.02 per Subject Share.
ThreeD Capital Inc.: A Venture Capital Player
ThreeD Capital Inc. prides itself on being a publicly-traded Canadian venture capital firm with a keen interest in opportunistically investing in companies across various sectors globally. The company looks for promising early-stage investment opportunities, often taking a lead investor role and offering advisory services and access to its ecosystem.
The Canadian Securities Exchange played no role in approving or disapproving the content of this release and assumes no responsibility for its accuracy.