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 Canadian venture capital firm focused on opportunistic investments in junior resource and disruptive technology companies, announces that as of June 30, 2024, its unaudited net asset value per share (“NAV”) was $0.92.

This announcement is made based on ThreeD’s established practice of publishing net asset value on a monthly basis as part of the Company’s ongoing response to shareholders’ interest in receiving periodic information. The net asset value is calculated based on unaudited month-end financial information.

Use of Non-GAAP Financial Measures:

This press release contains references to net asset value (NAV) or “net asset value per share,” which is 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 shares of common stock outstanding on a specific date. The term NAV does not have a standardized meaning prescribed by GAAP and therefore may not be comparable to similar measures presented by other companies. There is no comparable GAAP financial measure presented in ThreeD’s consolidated financial statements and therefore no applicable quantitative reconciliation for this non-GAAP financial measure. The Company believes that this measure provides useful information to its shareholders in understanding the Company’s performance and may assist in evaluating the Company’s business relative to its peers. This data is provided for the purpose of providing 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 measures of performance prepared in accordance with GAAP and are not necessarily indicative of other measures presented in accordance with GAAP. The Company’s current 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 Canadian venture capital firm focused on opportunistic investments in junior resource and disruptive technology companies. ThreeD’s investment strategy is to invest in multiple private and public companies across a variety of industries globally. ThreeD seeks to invest in promising early-stage companies, where it may be the lead investor and may 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 press release and does not accept responsibility for its adequacy or accuracy.

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Forward-Looking Statements

This press release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) within the meaning of Canadian securities laws, including, without limitation, statements regarding the Company’s future disclosure of its net asset value and the approximate timing thereof. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which 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 possibility that the future events or circumstances contemplated by the forward-looking statements will not occur, including, without limitation, risks relating to the timing and content of future public disclosures by the Company or the fact that the term NAV does not have a standardized meaning under GAAP and therefore may not be comparable to similar measures presented 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 contained in this press release and the assumptions upon which such forward-looking statements are made are reasonable, there can be no assurance that these expectations will prove to be correct. Readers are cautioned not to place undue reliance on the forward-looking statements contained herein 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 possibility that the predictions, forecasts, projections and other forward-looking statements will not be achieved, which may cause the Company’s actual performance and results in future periods to differ materially from the 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 of the forward-looking statements included, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.