ThreeD Capital Inc. Issues Early Warning Report in Connection With The Disposition of Securities of infinitii ai inc.

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TORONTO, June 04, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD”) (CSE:IDK / OTCQX:IDKFF) is a Canadian-based venture capital firm focused on opportunistic investments in companies in the small-cap and disruptive technology sectors. ThreeD announces that through a series of recent transactions (“Dispositions”), ThreeD has disposed of ownership and control of an aggregate of 12,500,0000 common shares (“Subject Shares”) of infiniti ai inc. (“Company” or “Infiniti”). As a result of the Dispositions, the percentage ownership held by ThreeD and Sheldon Inwentash (the “Joint Representative”) decreased by 8.4% from the last early warning report filed in connection with the disposition of Infinitii's securities, of which ThreeD, together with the Joint Representative , reported as 21.8% ownership on a partially diluted basis, assuming the exercise of warrants, stock options and convertible notes held.

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Immediately prior to the dispositions, ThreeD and the Joint Representative owned and controlled an aggregate of 12,500,000 common shares, 1,000,000 common stock purchase warrants, 1,000,000 stock options, and convertible warrants, allowing ThreeD and the Joint Representative to acquire 9,000,000 common shares and 9,000,000 purchase warrants. Common Stock Warrants of the Company, representing approximately 9.7% of all issued and outstanding common stock of Infiniti (or approximately 21.8% on a partially diluted basis, assuming the exercise of the warrants, stock options and convertible notes held). Of this total, ThreeD owns an aggregate of 12,500,000 common shares and convertible warrants allowing ThreeD to acquire 8,000,000 common shares and 8,000,000 common stock purchase warrants, representing approximately 9.7% of infinitii's issued and outstanding common shares (or approximately 19.6% On a partial basis (on a diluted basis, assuming exercise of the convertible bonds held). The Joint Representative held an aggregate of 1,000,000 common stock warrants, 1,000,000 stock options and convertible notes entitling the Joint Representative to acquire 1,000,000 common shares and 1,000,000 common stock warrants, representing 0.0% of the issued and outstanding common shares of infinitii (or approximately 3.0 % on a partially diluted basis, assuming exercise of warrants, stock options and convertible notes held).

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Immediately following the Transactions, ThreeD and the Joint Representative own and control an aggregate of 1,000,000 common stock warrants, 1,000,000 stock options, and convertible notes entitling ThreeD and the Joint Representative to acquire 9,000,000 common shares and 9,000,000 common stock warrants of the Company, representing 0.0% of All of the issued and outstanding common shares of Infiniti (or approximately 13.4% on a partially diluted basis, assuming the exercise of the warrants, stock options and retained convertible notes). Of this total, ThreeD holds convertible notes entitling ThreeD to acquire 8,000,000 common shares and 8,000,000 common stock purchase warrants, representing 0.0% of infinitii's issued and outstanding common shares (or approximately 11.0% on a partially diluted basis assuming exercise of the shares convertible bonds held). The Joint Representative held an aggregate of 1,000,000 common stock warrants, 1,000,000 stock options and convertible notes entitling the Joint Representative to acquire 1,000,000 common shares and 1,000,000 common stock warrants, representing 0.0% of the issued and outstanding common shares of infinitii (or approximately 3.0 % on a partially diluted basis, assuming exercise of warrants, stock options and convertible notes held).

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The Company's securities holdings are managed by ThreeD and the Joint Representative for investment purposes. ThreeD and the Joint Representative may increase or decrease their investment in the Company at any time, or continue to maintain their current position, depending on market conditions or any other relevant factor.

The Subject Shares were disposed of for an aggregate consideration of $508,190 or approximately $0.041 per Subject Share.

About 3D Capital

ThreeD is a publicly traded venture capital firm based in Canada that focuses on opportunistic investments in companies in small-cap resources and disruptive technologies. ThreeD's investment strategy is to invest in various private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investors with advisory services and access to the company's ecosystem.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for its adequacy or accuracy.

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