ThreeD Capital Inc. Announces Unaudited Net Asset Value Per Share as of June 30, 2024

TORONTO, July 16, 2024 (GLOBE NEWSWIRE) — ThreeD Capital Inc. (“ThreeD” or the “Company”) (CSE:IDK / OTCQX:IDKFF), a Canada-based venture capital firm focused on opportunistic investments in companies in the junior resource and disruptive technology sectors, announces that its unaudited net asset value per share (“NAV”) as of June 30, 2024 was $0.92.

This announcement follows ThreeD’s established practice of publishing the net asset value on a monthly basis in response to shareholders’ interest in regular information. The net asset value is calculated based on unaudited financial information at month-end.

Use of non-GAAP financial measures:

This press release contains references to NAV or “net asset value per share,” a non-GAAP financial measure. NAV is calculated as the value of total assets less the value of total liabilities divided by the total number of common shares outstanding on a particular date. The term NAV does not have a standardized meaning under GAAP and therefore may not be comparable to similar measures provided by other companies. No comparable GAAP financial measure is provided in ThreeD’s consolidated financial statements and therefore no quantitative reconciliation is applicable for this non-GAAP financial measure. The Company believes that the measure provides useful information to its shareholders in understanding the Company’s performance and may be helpful in evaluating the Company’s business compared to that of its competitors. This data is provided to provide additional information and does not have a standardized meaning prescribed by GAAP. Accordingly, they should not be considered in isolation or as a substitute for performance measures prepared in accordance with GAAP and are not necessarily indicative of other measures prepared in accordance with GAAP. The Company’s existing net asset value is not necessarily indicative of the Company’s future performance or the Company’s net asset value at any future date.

About ThreeD Capital Inc.

ThreeD is a publicly traded venture capital firm based in Canada focused on opportunistic investments in companies in the junior resources and disruptive technology sectors. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in promising early-stage companies where it can be the lead investor and additionally provide investees with advisory services and access to the company’s ecosystem.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.

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Forward-looking statements

This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of Canadian securities legislation, including, without limitation, statements with respect to the future disclosure of net asset value by the Company and the approximate timing thereof. All statements that are not statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements because they are inherently uncertain, are based on estimates and assumptions and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the fact that the future events or circumstances anticipated in the forward-looking statements may not occur, including, without limitation, risks related to the timing and content of future public disclosures by the Company or the fact that the term net asset value does not have a standardized meaning under GAAP and, as such, may not be comparable to similar measures provided by other companies and may not be indicative of net asset value for future periods. Although the Company believes that the expectations reflected in the forward-looking statements in this press release and the assumptions upon which such forward-looking statements are based are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on the forward-looking statements contained in this document as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the fact that the predictions, forecasts, projections and other forward-looking statements may not occur, which may cause the Company’s actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to publicly update or revise any forward-looking statements contained therein, except as required by law. This cautionary statement expressly applies to the forward-looking statements contained herein.