TORONTO, April 2, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF) focuses on opportunistic investments in companies. is a Canadian-based venture capital firm. The junior resource and disruptive technology company is pleased to announce that it has acquired his $50,000 SAFE (Simple Agreement for Future Equity) investment in TODAQ Micro Inc.
With this recent investment, the Company now has a SAFE investment in TODAQ Micro Inc. totaling $100,000. Additionally, ThreeD also holds 100,000 TODA Note royalties (“TDN Royalties”) from his TODAQ Micro Inc. Each TDN Royalty holder will receive the following rights: Payment of royalties to Holders’ micropayment nodes is subject to specific terms and conditions.
TODAQ Micro Inc. is a privately held company that brings new options to underserved markets, allowing enterprise customers to cost-effectively complete micropayments without subscribing to a microservices platform. TODAQ Micro Inc. is a subsidiary of TODAQ Holdings Inc., another private company, of which ThreeD owns 478,739 preferred shares and his TDN royalties of 279,413,283.
“ThreeD Capital had the foresight several years ago and had the patience and long-term approach to support this mission from R&D to commercialization. We are very pleased with their investment at this time to support our sports, media and entertainment customers,” said Hassan Khan, CEO of TODAQ Micro Inc.
Sheldon Inwentash, Chairman and Chief Executive Officer of ThreeD, commented: The cost of performing a transaction often exceeds the value of the payment itself. We believe that TODAQ Micro solves the problem of micropayments, enabling scalable and low-cost transfer of value, allowing the transfer of a penny or a fraction of a penny, without incurring the high costs typically associated with these payments. We believe that we have enabled quick and small transactions in 1. We believe this technology is transformative and has the potential to transform and streamline business interactions. ”
For more information about TODAQ Micro Inc., Hassan Khan, CEO of TODAQ Micro Inc., is interviewed on the ThreeD YouTube channel.
TODAQ Micro Inc. just launched micropayments and AI conversational checkout. For more information, please read the press release linked below.
https://www.globenewswire.com/news-release/2024/04/02/2856013/0/en/TODAQ-Micro-Launches-Micropayments-and-AI-Conversational-Checkout.html
about three dimensional capital Co., Ltd.
ThreeD is a publicly traded Canadian-based venture capital firm focused on opportunistic investments in junior resource and disruptive technology companies. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors around the world. ThreeD aims to make early-stage investments in promising companies where it can be a lead investor and also provide its investees with advisory services and access to its ecosystem.
For more information:
Jackson Inwentash
Vice President of Investments
jinwentash@threedcap.com
Phone: 416-941-8900 extension 107
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and does not accept responsibility for its adequacy or accuracy.
positive statement
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities laws, including: Including, without limitation, statements regarding future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Often, but not always, these forward-looking statements include statements such as “believe,” “belief,” “estimate,” “estimate,” “anticipate,” “potential,” “open,” It can be identified by the use of words such as “future”. “,”Assumptions”,”Forecast”,”Usage”,”Details”,”Done”,”Gain”,”Upgrade”,”Offset”,”Limited”,”Includes”,”Reflects “, “includes,” “remains,” “will,” “regularly,” or statements that an event “may occur” or “should be accomplished,” and the negation. Similar expressions including variations.
Forward-looking statements are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific); You should not place undue reliance on the description. The circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward-looking statements contained in this press release and the assumptions made in such forward-looking statements are reasonable, the Company believes that the expectations reflected in the forward-looking statements contained in this press release are reasonable; There is no guarantee that it will be proven. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this document. There can be no assurance that the plans, intentions or expectations underlying forward-looking statements will materialize. By their nature, forward-looking statements involve a number of assumptions, known and unknown risks and uncertainties that may cause predictions, forecasts, prospects and other forward-looking statements not to materialize. may contribute to the Company’s actual performance and results. that future periods will differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements; The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not make any forward-looking statements contained publicly publicly except as required by applicable law. We do not undertake any obligation to update or revise it. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
