ThreeD Capital Inc. Issuing an Early Warning Report in Connection with the Acquisition of AI/ML Innovations Inc.’s Securities.

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TORONTO, Nov. 08, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“Three”) (CSE:IDK / OTCQX:IDKFF) a Canadian firm focused on opportunistic investments in companies in the micro-services and disruptive technology industries, announces that with the completion of a private placement (the “Acquisition”), ThreeD and Sheldon Inwentash (“Actor Affiliate”) acquired ownership and control of a total of 9,000,000 common shares (“Subject Shares”) and warrants to purchase 9,000,000 common shares (“Subject Warrants” and Subtopic Shares, “Subject Units”) of AI/ML Innovations Inc. (“Company” or “AIML”). The Subject Shares represent approximately 6.5% of all issued and outstanding ordinary shares of AIML at the time of acquisition. As a result of the Acquisition, the percentage of ownership held by ThreeD and the Joint Actor has increased by more than 2% since the last warning report filed.

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Immediately prior to the acquisition, ThreeD and the Joint Actor owned and controlled an aggregate of 9,514,200 common shares, warrants to purchase 14,065,000 common shares, and 500,000 stock options of the Company, representing approximately 8.0% of all issued and outstanding common shares left. approximately 18.1% on a slightly diluted basis, taking into account the exercise of warrants and options held). Of this total, ThreeD holds a total of 8,949,200 common shares and warrants to purchase 12,500,000 common shares, representing approximately 7.6% of the issued and outstanding common shares of AIML (or approximately 16.4% on a partially diluted basis, assuming the warrants are exercised held). The Joint Actor holds a total of 565,000 common shares, warrants to purchase 1,565,000 common shares, and 500,000 stock options, representing 0.5% of the issued and outstanding common shares of AIML (or approximately 2.2% on a partially diluted basis, considering how it is done and the options held).

Immediately following the Acquisition, ThreeD and the Joint Actors own and control an aggregate of 18,514,200 common shares, warrants to purchase 23,065,000 common shares, and 500,000 stock options of the Company, representing approximately 13.4% of all issued common shares and and the rest of AIML. 26.0% on a partially diluted basis, taking into account the exercise of warrants and options held). Of this total, ThreeD holds a total of 15,949,200 ordinary shares and warrants to purchase 19,500,000 ordinary shares, representing approximately 11.6% of the issued and outstanding ordinary shares of AIML (or approximately 22.5% on a partially diluted basis) assuming the exercise of the warrants . . The Joint Actor holds a total of 2,565,000 common shares, warrants to purchase 3,565,000 common shares, and 500,000 stock options, representing 1.9% of the issued and outstanding common shares of AIML (or approximately 4.7% on a partially diluted basis , speculation and held options).

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The acquisition is done through a private placement and not through the resources of any stock exchange. Holdings of the Company’s securities by ThreeD and the Joint Actor are managed for investment purposes. ThreeD and the Joint Actor may increase or decrease its investment in the Company at any time, or continue to maintain its current position, depending on market conditions or any other relevant factor.

Subject Units were acquired for a total consideration of $585,000, or $0.065 per Subject Unit.

Information about the company ThreeD Capital Inc.

ThreeD is a Canadian-based publicly traded company that focuses on opportunistic investments in companies in the micro-services and disruptive technology sectors. ThreeD’s investment strategy is to invest in many private and public companies in various sectors around the world. ThreeD seeks to invest in early stage, promising companies where they may be lead investors and can provide investors with advisory services and access to the Company’s ecosystem.

The Canadian Securities Exchange has not endorsed or disapproved the content of this news release and accepts no responsibility for the adequacy or accuracy thereof.

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