The remaining 17.6% are subject to a 6- month lock in period followed by a further 6 months orderly market period.īackground to and rationale for the acquisition:ĭispersion was incorporated to identify investment opportunities in various high growth sectors, with a focus on companies in the FinTech sector and it was admitted to the AQSE Growth Market Access Segment on 30 April 2021. On its completion, DFTI’s sellers will hold 28.79% of the enlarged share capital of the Company.Ĩ2.4% per cent of the new shares to be issued to the DFTI sellers will be subject to a 12-month lock in period followed by a further 12-month orderly market period. Assuming approval and completion of both acquisitions, the Company’s total shares in issue will increase from 612,500,000 to 1,211,225,646. More information on this subject can be found in Dispersion’s press release below:īoth acquisitions are subject to shareholder approval for an increase in the Company’s total issued share capital at a general meeting on Tuesday 26 October. As a result of the Acquisition, ThreeD will receive shares of Dispersion in exchange for its shares in DFTI. ThreeD previously announced, in its press released dated July 16, 2021, that it had invested $400,000 in DFTI. DFTI is a company that has a proprietary automated yield engine that has made investing in DeFi simple and leverages different DeFi protocols and strategies to increase diversification, maximize yield, while minimizing exposure to risk. (“DFTI”) in exchange for 348,725,646 new ordinary shares of Dispersion (the “Acquisition”).
(“ThreeD” or the “Company”) (CSE:IDK) (OTCQX:IDKFF), a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to report that Dispersion Holdings PLC (“Dispersion”)(AQSE: “DEFI”), a company specialising in decentralised finance (“DeFi”), has acquired 100% of the issued and outstanding shares of DeFi Yield Technologies Inc. 04, 2021 (GLOBE NEWSWIRE) - ThreeD Capital Inc.