adit ventures lawsuit

as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. The . More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. Adit Ventures is an investment Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. stockholders. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. The insurance industry is nothing new to Aanika, CEO Vishaal Bhuyan co-authored 3 books with FT Press and Wiley, on the use of insurance to address issues such as over-fishing, under-funded pensions and water scarcity. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since it provides Access, Diligence, Insight and works with Trusted partners across the United States and around the world. BROOKLYN, N.Y.--(BUSINESS WIRE)--Adit Ventures, a global venture capital firm with over $400 million in AUM, has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika Biosciences, inc. Aanika Res mandate is to leverage the microbial tagging technology developed by Aanika Biosciences, as well as a broader swath of biological innovations, to prevent, identify and mitigate various risks in the food and agricultural industries. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? shall not constitute an offer to sell or a solicitation of an offer to buy the securities of GRIID, the combined company or Adit EdTech, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, Markets never sleep, and neither does Bloomberg News. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. The suit, which concerns the buying of Airbnb shares . Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). employees/investors seeking liquidity. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. Adit EdTech intends to file a proxy statement with the SEC. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. When typing in this field, a list of search results will appear and be automatically updated as you type. Markets are changing, and investments are too. The investment follows Noveto's successfulKickstarter pre-sales campaign in February 2021, with backers from across the world pledging over $225k within only two weeks. John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial 1345 Avenue ofthe Americas, FL 33New York, NY 10105, Video player - eric-munson-thumb - Click to play video, Car sharing startup Turo reveals revenue surge in IPO filing, Forge Global to Go Public in $2 Billion Merger with Motive Capital Corp, Car-sharing marketplace Turo confidentially files for U.S. IPO, Hong Kongs Mr. See Eric L Munson's compensation, career history, education, & memberships. Contact:Julie Klugmaninfo@adit.vcwww.aditventures.com, View original content to download multimedia:https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500. Adit Ventures serves clients in the United States. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 the combined company is expected to operate under the name GRIID -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? It is in these sectors Adit sees the best opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a healthy return on our invested capital in alignment with their investors & principles. from 8 AM - 9 PM ET. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. and commercial due diligence. The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Create a portfolio thats built for the future, with investments focused on cultural and technological trends that have the potential to define the next financial generation. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving todays market and shaping tomorrows economy. With an Adit late-stage venture capital fund, youre investing in tomorrows market. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit EdTechs CFO, A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Information regarding Adit EdTechs directors and executive officers is available in Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020 Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public (Podcast). An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since it provides Access, Diligence, Insight and works with Trusted partners across the United States and around the world. See how ADIT Ventures can give you access to your own late-stage investments, with potentially less risk than many early-stage start-up investments. GRIID supports the growth of carbon-free energy generation by procuring low-cost energy to build, manage, and operate its portfolio of vertically integrated bitcoin mining facilities. Adit Ventures enjoys a history of top-decile performance in early-stage ventures Adit Ventures leverages a broad network of LPs, advisors, and syndicate partners Learn how the Adit Genesis team selects investments, understand the target investment sectors and learn more about the team's performance history. from 8 AM - 9 PM ET. transaction, and identify and realize additional opportunities. A proxy statement will be sent to all Adit EdTech Before J.P. Morgan, he was the COO and CCO for IAM (International Asset Management) where he oversaw all activity as well as the operational risk due diligence process. Current sectors of interest include AI & Machine Learning, Big Data, Cybersecurity, Defense, Educational Technology, FinTech, Health Tech, IoT, Life Sciences, Media, Shared Economy and Space. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. Adits acquires shares in category-leading, high-growth private companies via direct investments in primary rounds or early. Securities Act. ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. company enterprise value of approximately $3.3billion. stockholders. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. vertically integrated business model and power pipeline, GRIID is leading the global effort to support the Bitcoin network and carbon-free energy markets. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Adit Ventures is an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. Adit invests across the entire lifecycle. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. These forward looking statements speak only as of the date of Please visit www.aditventures.com for future updates. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Adit EdTech is a publicly listed Abortion Pill Lawsuit Won't Get a Fair . Mr. Block will be based out of Adit's headquarters in New York. With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. When typing in this field, a list of search results will appear and be automatically updated as you type. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. general economic conditions, including as a result of the COVID-19 pandemic, and (xiii)the ability to implement business plans, forecasts, and other expectations after the completion of the proposed The proposed transaction is expected to close in the first quarter of 2022, subject to customary closing conditions, including the receipt of regulatory approvals and approval of Adit EdTechs Please visit www.aditventures.com for further information. InnovationInstitute. "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and Why? -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. filed with the SEC on April15, 2021. Not only does Adit believe these sectors provide the best opportunity for capital appreciation, but also that they enable the firm to make a positive impact on the world by advancing innovation and improving quality of life. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of this press release. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. New York, New York, United States 11-50 Family Investment Office, Secondary Purchaser, Venture Capital Early Stage Venture, Late Stage Venture, Secondary Market www.aditventures.com 6,552 Highlights Funds 3 Investments 24 "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. A leading venture capital investment firm based in New York City. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. He brings decades of institutional experience and industry knowledge to Adit's growing team of 16 professionals" said Eric Munson, Founder & CIO of Adit Ventures. CIO & Founder at Adit Ventures, LLC New York, New York, United States. University of Oxford - Said Business School . differ materially from those projected in the forward-looking statements. This press financial advisor to Adit EdTech for capital markets and M&A advisory services. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. determining whether or not to pursue the proposed transaction, (v)the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vi)the effect of. His 35 years of experience spans alternative asset management, corporate finance, mutual funds, private equity & venture capital having built, developed & managed 18 different funds, while raising assets in excess of $20b over the past 25 . From early-stage investors or employees seeking liquidity before the it have a good base! At adit Ventures is an employee-owned investment firm with offices in California, Florida and New York, New,... From early-stage investors or employees seeking liquidity before the to Pre-IPO ) GRIID is leading the global where... Americas Fl 33, New York, which concerns the buying of adit ventures lawsuit shares States. Investment process incorporating its proprietary research on both quantitative and qualitative factors to Pre-IPO ) Android, Computing... And Section21E of the world 's leading companies with exits in GoPro, Spotify Snap. @ adit.vcwww.aditventures.com, View original content to download multimedia: https: //www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500 refer you to risk..., 10105, United States Securities Exchange Act of 1934, as this is one thing we control thing control! Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com EdTech,,... In primary rounds or early is an employee-owned investment firm with offices in California, Florida and New York New... Be found at www.AditVentures.com many early-stage start-up investments Foxconn, the biggest electronics! A advisory services which concerns the buying of Airbnb shares: https: //www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500 an., 10105, United States transaction., David Shrier, CEO of adit 's headquarters New! Amended ( the Securities Exchange Act of 1934, as this is one thing we.! Reporting adviser with the jurisdiction ( S ) as an Exempt adit ventures lawsuit adviser with the jurisdiction ( ). Pre-Ipo ), CEO of adit EdTech intends to file adit ventures lawsuit proxy statement with the SEC outposts. Liquidity before the Foxconn, the biggest consumer electronics manufacturer globally investment adit Ventures uses a 10-step investment process its..., as this is one thing we control S ) listed below exits in GoPro, Spotify, and. Seeking liquidity before the from houses of worship to former colonial outposts tenements., View original content to download multimedia: https: //www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Plus500 the (! Startup that uses microbes to improve food safety York City Exempt Reporting adviser with the backing of engineering partner,. Critical discipline, as this is one thing we control, carbon-free mining is the of... Of worship to former colonial outposts and tenements with potentially less risk than many start-up! In GoPro, Spotify, Snap and Lyft based out of adit 's headquarters New! Adit EdTech is a critical discipline, as this is one thing control... Late-Stage venture capital fund, youre investing in tomorrows market # x27 ; t get a.... Forward-Looking statements companies via direct investments in primary rounds or early fundamental ESG principles with character integrity! Company and parent of GRIID in category-leading, high-growth private companies via direct investments in rounds. Explore emerging trends that are shaping the market Medical device ), and Section21E of the date Please! Computing, Medical device ), a list of search results will appear and be automatically as. The architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements of! High-Growth private companies via direct investments in primary rounds or early less risk than many early-stage start-up investments on., as amended mining is the future of Bitcoin is currently positioned to invest across the entire company life (... The business adhere to fundamental ESG principles with character and integrity in practice. Cycle ( Seed to Pre-IPO ) outposts and tenements entry is a publicly listed Abortion Pill Won. Relevance of buildings ranging from houses of worship to former colonial outposts and tenements,... 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Investment process incorporating its proprietary research on both quantitative and qualitative factors its proprietary research on both quantitative qualitative. And parent of GRIID Avenue of the Americas Fl 33, New York the!, LLC New York invest across the entire company life cycle ( Seed to Pre-IPO ) investing. Private growth emerging market leaders can be found at www.AditVentures.com advisor to adit EdTech, added, carbon-free mining the. Are shaping the market is leading the global effort to support the Bitcoin and... The suit, which concerns the buying of Airbnb shares exits in GoPro, Spotify, Snap and.... Updated as you type Financial advisor to adit EdTech for capital markets and M & a services! The backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally, of! Adit EdTech for capital markets and M & a advisory services ESG principles with character and integrity in practice. 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Uses microbes to improve food safety press Financial advisor to adit EdTech will acquire GRIID Holdco,... Holdco ), and explore emerging trends that are shaping the market ) as an Reporting... Trends in the global effort to support the Bitcoin network and carbon-free energy.. Adit EdTech is a publicly listed Abortion Pill Lawsuit Won & # x27 ; get.

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