ThreeD Capital Increases Stake in AI/ML Innovations Inc. Through Private Placement

ThreeD Capital Expands Investment in AI/ML Innovations

ThreeD Capital Inc., a Canadian venture capital firm, has significantly increased its stake in AI/ML Innovations Inc. (AIML) through a private placement. The investment, announced on November 8, 2024, marks a substantial expansion of ThreeD's position in the AI and machine learning sector 1

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Details of the Acquisition

ThreeD Capital, along with its Joint Actor Sheldon Inwentash, acquired 9,000,000 common shares and an equal number of common share purchase warrants of AIML. This acquisition represented approximately 6.5% of AIML's outstanding common shares at the time of the transaction 1

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The private placement was completed for a total consideration of $585,000, with each unit (consisting of one common share and one warrant) priced at $0.065 1

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Impact on Ownership Structure

Prior to the acquisition, ThreeD and the Joint Actor held:

• 9,514,200 common shares
• 14,065,000 warrants
• 500,000 stock options

This represented about 8.0% of AIML's outstanding shares, or 18.1% on a partially diluted basis 1

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Following the acquisition, their holdings increased to:

• 18,514,200 common shares
• 23,065,000 warrants
• 500,000 stock options

This new position represents approximately 13.4% of AIML's outstanding shares, or 26.0% on a partially diluted basis 1

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ThreeD Capital's Investment Strategy

ThreeD Capital focuses on opportunistic investments in junior resources and disruptive technologies sectors. The firm's strategy involves investing in multiple private and public companies across various sectors globally, with a particular interest in early-stage, promising companies 1

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Implications for AI/ML Innovations Inc.

This significant investment by ThreeD Capital could have important implications for AIML:

1. Increased capital: The $585,000 investment provides AIML with additional funds for operations and growth.
2. Strategic partnership: ThreeD's expertise in disruptive technologies could offer valuable guidance to AIML.
3. Market confidence: The investment may signal confidence in AIML's potential, possibly attracting further investor interest.

Future Considerations

ThreeD Capital has stated that its holdings in AIML are managed for investment purposes. The firm and its Joint Actor may increase, decrease, or maintain their current position based on market conditions and other relevant factors 1

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. This flexibility suggests that ThreeD is closely monitoring AIML's performance and the broader AI/ML market landscape.