12:31:16 EDT Thu 02 May 2024
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ThreeD Capital Inc (3)
Symbol IDK
Shares Issued 53,061,660
Close 2024-04-02 C$ 0.50
Market Cap C$ 26,530,830
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ThreeD Capital acquires $50,000 (U.S.) SAFE investment

2024-04-02 13:51 ET - News Release

Mr. Sheldon Inwentash reports

THREED CAPITAL INC. ACQUIRES SECURITIES OF TODAQ MICRO INC.

ThreeD Capital Inc. has acquired a $50,000 (U.S.) SAFE (simple agreement for future equity) investment in Todaq Micro Inc.

With this recent investment, the company now holds a total of $100,000 (U.S.) SAFE investments in Todaq Micro. Additionally, ThreeD also holds 100,000 TODA note royalties (TDN royalties) from Todaq Micro. Each TDN royalty entitles the holder thereof to receive royalty payments to the holder's micropayment node, subject to certain terms and conditions.

Todaq Micro is a privately held corporation that provides a new option for the unserved market to allow businesses customers to complete micropayments in cost-efficient manner without having to subscribe for a microservice platform. Todaq Micro is subsidiary of Todaq Holdings Inc., another privately held corporation, of which ThreeD holds 478,739 preferred shares and 279,413,283 TDN royalties.

"ThreeD Capital had the foresight years ago to see the potential when few could, and the patience and long-term approach to support this mission from research and development to commercialization. We're extremely pleased to have their investment at this moment when Tapp micropayment-enabled AIs [artificial intelligences] will support health care, education, sports, media and entertainment customers," said Hassan Khan, chief executive officer of Todaq Micro.

Sheldon Inwentash, chairman and chief executive officer of ThreeD, commented: "We are very excited about the prospects of Todaq Micro Inc. and its approach to solving real problems. The cost to do a transaction often exceeds the value of the payment itself. We believe Todaq Micro has cracked the micropayments problem, allowing for scalable and low-cost transfer of value, enabling quick and small transactions at pennies or even fractions of a penny without the high costs usually associated with these payments. We believe this technology is revolutionary, and has the potential to transform and streamline business interactions."

More information about Todaq Micro can be found through the ThreeD YouTube channel, where Mr. Khan, CEO of Todaq Micro, is interviewed.

Todaq Micro has just launched its micropayments and AI conversational checkout. Please read their press release on-line to find out more.

About ThreeD Capital Inc.

ThreeD is a publicly traded, Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive-technologies sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early-stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the company's ecosystem.

We seek Safe Harbor.

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