IDKFF - ThreeD Capital Inc. Acquires Securities of TODAQ Micro Inc. | Benzinga
TORONTO, April 02, 2024 (GLOBE NEWSWIRE) -- ThreeD Capital Inc. ("ThreeD" or the "Company") (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce that it has acquired a US$50,000 SAFE (Simple Agreement for Future Equity) investment in TODAQ Micro Inc.
With this recent investment, the Company now holds a total of US$100,000 SAFE investments in TODAQ Micro Inc. Additionally, ThreeD also holds 100,000 TODA Note Royalties ("TDN Royalties") from TODAQ Micro Inc. 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 Inc. 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 Inc. 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 & development to commercialization. We're extremely pleased to have their investment at this moment when TAPP micropayment enabled AIs will support healthcare, education, sports, media, and entertainment customers." Said Hassan Khan, CEO of TODAQ Micro Inc.
Sheldon Inwentash, Chairman and Chief Executive Officer of ThreeD commented, "We are very excited about the prospects of TODAQ Micro Inc. and ...