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The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined Principal Place of Business and Contact Information 3. -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? 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 invests via a global network of relationships cultivated over their 120 years of principal investing experience. 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. Please visit www.aditventures.com for further information. 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A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. Aanika Re being domiciled in Bermuda is the natural progression for Aanika since it was accepted into the Bermuda Monetary Authoritys innovation hub earlier this year. -Revenue growth rate drives future valuation, so is a key element to Adit.-Margins and cash flows are vital to an enterprise's success, and drive valuation.-Scalability of business across various markets is a big factor in the valuation of any business. This press San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public (Podcast). Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. A leading venture capital investment firm based in New York City. from 8 AM - 9 PM ET. Family Investment Office, Secondary Purchaser, Venture Capital, Early Stage Venture, Late Stage Venture, Secondary Market, Edit Lists Featuring This Company Section, East Coast Companies With Less Than $500M in Revenue (Top 10K), City of New York Companies With Less Than $1B in Revenue (Top 10K), Early Stage Venture Investors Family Investment Offices. NEW YORK, July 22, 2021 /PRNewswire/ --Eric Lazear joined Adit Ventures as Chief Operating Officer and a member of the Management Committee, as well as a member of Adit's Valuation Committee. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . Covington& Burling LLP acted as legal advisor to Adit EdTech. Please visit www.aditventures.com for further information. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. Issuer's Identity 2. ", 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. Jan 11, 2021 4:02PM EST. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining ADIT Growth Equity Co - Invest LLC Series Magic - Adit Growth Equity Co - Invest, LLC - Series Airbn Adit Ventures raised a total of $150 K in funding over 1 rounds. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. 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. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. financial advisor to Adit EdTech for capital markets and M&A advisory services. Please visit www.aditventures.com for future updates. 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. Adit has invested in some of the world's leading companies with exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Michael Block, a well-known market strategist and corporate advisor, has joined Adit Ventures, a New York late stage venture capital investment firm focused on companies driving today's market and tomorrow's economy, as Special Advisor. Mr. Block will be based out of Adit's headquarters in New York. Company profile page for Adit Ventures LLC including stock price, company news, press releases, executives, board members, and contact information . Adit Ventures Profile and History . Please visit www.aditventures.com for future updates. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. Such statements are not guarantees of future performance and actual results or developments may 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter Adit seeks to capitalize on long-term secular trends in the global economy where we see dynamic growth, opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a robust return on our invested capital in alignment with investors principles. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. $525million credit facility will be used to fund GRIIDs growth and accelerate scale. Please visit www.aditventures.com for further information. Adit Ventures headquarters are located in 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States, Adit Venturess main industries are: Finance, Venture Capital & Private Equity, Finance, Adit Ventures appears in search results as ADIT Ventures LLC, ADIT Ventures, ADIT Growth Equity Co - Invest LLC Series Esme. Based in New York, he leads the operational, compliance and risk functions at Adit. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. internal and wireless security testing and assessment. Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. proposed transaction disrupts current plans and operations of GRIID and potential difficulties in GRIID employee retention as a result of the transaction, (viii)the outcome of any legal proceedings that may be instituted against GRIID or Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Markets are changing, and investments are too. 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 stockholders. He added traceability is at the heart of three main catalysts: 1) climate changes, which could lead to a significant rise in food safety issues 2) FDA rules on traceability which are coming into effect within 24 months and 3) ESG compliance for public companies.. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. 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. 1. 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 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 Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. potential, predict, seek, should, would or by variations of such words or by similar expressions. will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. With its unique No offer of securities shall be made except by means of a prospectus meeting the requirements of the filed with the SEC on April15, 2021. Cision Distribution 888-776-0942 against Adit EdTech related to the merger agreement or the proposed transaction, (ix)the ability to maintain the listing of Adit EdTechs securities on a national securities exchange, (x)the price of Adit EdTechs securities, The nature and timing of company exits may be changing, but we believe this creates opportunities for investors to build their portfolios of potentially market-leading companies before they go public. REGISTRATION STATUS. GRIIDs combination of a large He currently serves as Market Strategist for Third Seven Capital LLC, a New York investment bank that focuses on connecting early stage growth companies with institutional and high net worth investors. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Troutman Pepper Hamilton The funds will support rapid expansion, with plans to triple the headcount over the next year. Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the When typing in this field, a list of search results will appear and be automatically updated as you type. 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? A family-owned firm with over a century of combined financial experience, were also a team of professionals committed to investments that create positive change. Matthew D. Brown of Cooley has entered an appearance for Meno Holdings SPV LP and Adit Ventures LLC in a pending breach-of-contract lawsuit. ADIT VENTURES MANAGEMENT, LLC ( CRD # 283262/SEC#:802-107701 ) ADIT VENTURES MANAGEMENT, LLC, PSP VENTURES MANAGEMENT LLC. View latest Form ADV filed. 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. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at AUSTIN, Texas, June 11, 2020 /PRNewswire/ -- Seasoned venture investor and software professional Jon Cholak has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager. stockholders. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company Invest with us, sell your private shares, and learn more about working with Adit Ventures. Abortion Pill Lawsuit Won't Get a Fair . AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. (Adit EdTech) (NYSE: ADEX, ADEX.U, and ADEX.WS), a special purpose acquisition company sponsored by an affiliate of Adit Ventures, LLC (Adit), announced today that they have entered into a definitive merger agreement under Learn how we can help you build a portfolio of private growth emerging market leaders. Adit Ventures serves clients in the United States. 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. Why? Adit invests across the entire lifecycle. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. -Profitability: A clear path to profitability is essential to any investment. Quantitative: -Valuation at entry is a critical discipline,. He holds a B.S. Please visit www.aditventures.com for additional information. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? company enterprise value of approximately $3.3billion. GRIID anticipates fiscal year 2023 revenue of $1.6billion. pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean Monitor your investments 24 hours a day, around the clock from around the globe. Eric Munson co-founded ADIT Ventures in 2014 at the request of family offices seeking to obtain shares in select late-stage venture-backed growth companies. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? CIO & Founder at Adit Ventures, LLC New York, New York, United States. Active, Closed, This describes the type of investor this organization is (e.g. Quantitative: -Valuation at entry is a critical discipline, as . 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. 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 Adit has invested in some of the worlds leading companies with exits in Airbnb, Astrocast, Cytocom, DocSend, Forge, Lemonade, Lyft, Palantir, Riff Analytics, Robinhood, Snap, SoFi, Spotify and Welltok. from 8 AM - 9 PM ET. Adit Ventures is an investment Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Securities Act. Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. 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. In making investment decisions, Adit seeks to capitalize on long-term secular trends and themes in the global economy where we see dynamic areas of growth. Arthur D. Little LLC acted as advisor to Adit EdTech for technical CINCINNATI, OH AND NEW YORK, NY 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 Ventures, LLC is a venture capital investment firm. private firms that the principals believe are driving todays market and shaping tomorrows economy. differ materially from those projected in the forward-looking statements. 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 Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. TEL-AVIV, Israel, June 10, 2021 /PRNewswire/ -- Noveto Systems, today announced the successful completion of a bridge of $10 Million from renowned technology investorsAdit Ventures, a firm that has invested in some of the world's leading disruptive companies, with exits in GoPro, Spotify, Palantir and Lyft. Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. The current bridge investment is made as part of the company's Series A fundraising to be further led by Adit Ventures to raise an additional $20 Million by year-end. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, Markets never sleep, and neither does Bloomberg News. Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. 86% of retail CFD accounts lose money, https://www.prnewswire.com/news-releases/adit-ventures-announces-chief-operating-officer-301339729.html, Registration on or use of this site constitutes acceptance of our. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Based in Cincinnati, Ohio, GRIID is a profitable, employees/investors seeking liquidity. events or otherwise. With an Adit late-stage venture capital fund, youre investing in tomorrows market. www.sec.gov. Internet Explorer presents a security risk. this press release. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. See Eric L Munson's compensation, career history, education, & memberships. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. Genesis will focus primarily on early-stage software companies with an emphasis on selecting proven founders and market-ready technologies in industries poised for meaningful growth.
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