Please visit www.aditventures.com for further information. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 He brings decades of institutional experience and industry knowledge to Adit's growing team of 16 professionals" said Eric Munson, Founder & CIO of Adit Ventures. Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. The investment follows Noveto's successfulKickstarter pre-sales campaign in February 2021, with backers from across the world pledging over $225k within only two weeks. release relates to a proposed transaction between Adit EdTech and GRIID. 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. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the company has a liquidity event. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. the transaction may not be completed by Adit EdTechs business combination deadline and the risk that Adit EdTech may not obtain an extension of the business combination deadline if sought by Adit EdTech, (iii)the failure to satisfy the Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 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. New York, New York, United States 11-50 Family Investment Office, Secondary Purchaser, Venture Capital Early Stage Venture, Late Stage Venture, Secondary Market www.aditventures.com 6,552 Highlights Funds 3 Investments 24 Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day. Adit Ventures is a family-office owned investment firm with offices in California, Florida, New York, Texas, Utah and Washington D.C. 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. -Profitability: A clear path to profitability is essential to any investment. NEW YORK, Dec. 12, 2019 /PRNewswire/ --Well known market strategist and advisor Michael Block has joined Adit Ventures, a leading late stage venture capital investment firm, as Special Advisor to work with the principals to grow the firm's market footprint and investment expertise. 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 Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? Team Adit has relationships cultivated over their 175 years of principal investing experie nce. The actual results or developments anticipated may not be realized or, even if At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving today's market and shaping tomorrow's economy. 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. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, Team Adit has relationships cultivated over their 175 years of principal investing experience. Earlier this year the company hired Catherine Bessleman, a seasoned and senior reinsurance underwriter formerly at Hamilton Re. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. facilities across the United States. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. (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 Adit buys both primary and secondary shares on behalf of investors from a global network of relationships cultivated over their 100 years of principal investing experience. Prior to joining Adit Ventures, Mr. Lazear was an Executive Director at J.P. Morgan, where he managed a team that worked with alternative funds, throughout their life cycle, providing advisory services to COOs, CFOs and General Partners specializing in due diligence, operational infrastructure, operational risk management, and policies and procedures. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. transaction, and identify and realize additional opportunities. vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of energy infrastructure and bitcoin mining facilities across the United States. Adit invests for growth. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. (November 30, 2021) Griid Infrastructure LLC (together with GRIID Holdco (as defined below), GRIID or the Company), a vertically integrated, bitcoin self-mining company, and Adit EdTech Acquisition Corp. -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. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. stockholders. Cision Distribution 888-776-0942 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. A family-owned firm with over a century of combined financial experience, we're also a team of professionals committed to investments that create positive change. 1. Overnight on Wall Street is morning in Europe. Metaverse on why hes placing a big Web3 bet against Mark Zuckerberg, Haystacks.AI Maintains Strong Momentum for 2022 With Additional Funding, Accelerated Growth, Fintech giants Stripe and Klarna partner on buy now, pay later as competition heats up, Animoca Brands raises $65M at $2.2B valuation from Ubisoft, Sequoia China, Dragonfly Capital, others, Podcast: Ryan Petersen on How Global Supply Chains Have Gotten Even Worse. from 8 AM - 9 PM ET. Mr. Cholak will also serve as a member of Adit's Investment, Research & Valuation Committees, as well as leading Adit Genesis, the early-stage research & technology investment platform within Adit. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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. Many factors could cause actual future events to differ materially from the forward-looking We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of With the ability to tag and distinguish identical commodities and deploy preventative technologies, Aanika Re can provide coverage in areas that have been historically difficult to insure and potentially provide a cost savings on existing types of coverage. stockholders will own approximately 8% and Adit EdTechs sponsor will own approximately 2% of the outstanding shares of voting stock of the combined company at closing, respectively. When typing in this field, a list of search results will appear and be automatically updated as you type. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined We are really excited about Aanika and this opportunity, said Jon Cholak Partner and Co-Chief Investment Officer of Adit Ventures and Aanika board member. He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." See Eric L Munson's compensation, career history, education, & memberships. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Adit Ventures is a late-stage venture capital firm with headquarters in NYC. See how our funds let you invest in dynamic, sustainable private businesses that strive to lead the way to a better and more productive world. Board of directors/investors and well-regarded savvy Venture Sponsors shares from early-stage investors or seeking! 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