ThreeD Capital Inc. Announces Unaudited September 30, 2023 Net Asset Value Per Share – $0.89
ThreeD Capital Inc., a Canadian venture capital firm, has announced its unaudited net asset value per share (NAV) as of September 30, 2023, which stands at $0.89. The company, listed on the Canadian Securities Exchange under the ticker symbol IDK and on the OTCQX under IDKFF, regularly releases its NAV on a monthly basis to provide shareholders with periodic information.
It is important to note that NAV is a non-GAAP financial measure, calculated by subtracting the total liabilities from the total assets and dividing the result by the total number of common shares outstanding. As such, it may not be directly comparable to similar measures used by other companies. However, ThreeD believes that NAV is a valuable metric for shareholders to evaluate the company’s performance and compare it to its peers.
ThreeD Capital focuses on making opportunistic investments in companies operating in the junior resources and disruptive technologies sectors. With a global investment strategy, the firm seeks to invest in both private and public companies across various industries. As a lead investor, ThreeD not only provides capital but also offers advisory services and access to its extensive ecosystem.
While the Canadian Securities Exchange neither approves nor disapproves the content of this news release, ThreeD Capital is committed to providing transparency and accurate information to its shareholders. The company acknowledges that the existing NAV is not necessarily indicative of future performance or the NAV at any future date.
Forward-looking statements are included in this announcement, emphasizing the uncertain nature of future events. ThreeD Capital cautions against placing undue reliance on these statements, as they are based on estimates, assumptions, and various risks and uncertainties. The company will continue to update its shareholders and the market as required by applicable law.
Overall, ThreeD Capital’s commitment to providing regular NAV updates demonstrates its dedication to transparency and accountability. With a focus on investments in the junior resources and disruptive technologies sectors, the company aims to support promising early-stage companies and contribute to their growth and success.