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. The device prototype, capable of beaming pockets of sound outside the listener's ears without the need for speakers or headphones and with minimal disturbance to people nearby, firstdebuted in November 2020, receiving global media acclaim. Why? Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among 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. Securities Act. Filmed at key heritage sites all across Hong Kong, including Tai Kwun, Tang Tsing Lok Ancestral Hall and Kowloon Walled City Park, this documentary showcases Hong Kong's multicultural history. When typing in this field, a list of search results will appear and be automatically updated as you type. Managing Director - Co-Founder, Adit Genesis. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 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. Information regarding Adit EdTechs directors and executive officers is available in Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020 Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. regulations affecting Adit EdTechs or GRIIDs business, and changes in the combined capital structure, (xi)GRIIDs inability to implement its business plan or meet or exceed its financial projections, (xii)changes in 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 is an employee-owned investment firm with offices in California, Florida and New York. company enterprise value of approximately $3.3billion. financial advisor to Adit EdTech for capital markets and M&A advisory services. Founded in 2018 and headquartered in Cincinnati, Ohio, GRIID has secured one of the largest and lowest-cost power pipelines in the industry with a focus on carbon-free generation partners. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain 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. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and Quantitative: -Valuation at entry is a critical discipline, as . University of Oxford - Said Business School . "He adds both institutional caliber diligence experience & skills from the world's largest bank, as well as family office and boutique private equity knowledge"Munson added. The actual results or developments anticipated may not be realized or, even if Adit Ventures commits a further $10 million, and . Adit Ventures is an investment Noveto impressed us with its game-changing technology that can positively transform the quality of life in both consumer and work environments. GRIID anticipates fiscal year 2023 revenue of $1.6billion. Mr. Cholak has held numerous board roles with his portfolio companies and has served as a speaker at numerous industry engagements and as a startup mentor at various accelerator programs. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. public bitcoin miners at the lowest cost of scaled production. -Profitability: A clear path to profitability is essential to any investment. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, with three US-based facilities and planned mining capacity of 734 megawatts (MW) operational by 2023 with a power cost of less than $25/MWh. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. www.sec.gov. Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. This allows the firm to capture more value by pushing investment entry before inflection points of growth and enhances the firms visibility and breadth of deal flow across the venture landscape. Please visit www.aditventures.com for further information. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, from 8 AM - 9 PM ET. Mr. Block is known as an expert on macroeconomics, global markets, and alternative investments and advises a wide variety of global institutional clients and fiduciaries. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit Ventures is an investment adviser whose principals have combined investment experience of over 150 years and a track record of value creation in portfolio companies operating in the public markets. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. NEW YORK, March 30, 2021 /PRNewswire/ -- Adit Ventures is proud to announce its latest offering, Adit Genesis I, LP led by Managing Director Jon Cholak. REGISTRATION STATUS. internal and wireless security testing and assessment. Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). Principal Place of Business and Contact Information 3. Issuer's Identity 2. Adit invests across the entire lifecycle. stockholders. -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? Investors and security holders will be able to obtain free copies of the proxy statement and all other relevant documents filed or that will be filed with the Mr. Block will be based out of Adit's headquarters in New York. employees/investors seeking liquidity. See how Adit Ventures can give you access to your own late-stage investments, with potentially less risk than many early-stage start-up investments. Related Persons Relationship: X Executive Officer Director Promoter Clarification of Response (if Necessary): Manager of Adit Growth Equity Co-Invest, LLC, a Delaware series limited liability company Relationship: X Executive Officer X Director X Promoter InnovationInstitute. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. Adit Ventures, LLC is a venture capital investment firm. differ materially from those projected in the forward-looking statements. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . See Eric L Munson's compensation, career history, education, & memberships. Adit has invested in some of the world's leading companies with exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Spotify, Snap and Lyft. Adits ability to source and offer these exclusive opportunities to the firms investor-partners stems from the global network of relationships the team has developed over their 150+ years of combined investment experience. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no from 8 AM - 9 PM ET. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. When typing in this field, a list of search results will appear and be automatically updated as you type. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. -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. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of The insurance industry is nothing new to Aanika, CEO Vishaal Bhuyan co-authored 3 books with FT Press and Wiley, on the use of insurance to address issues such as over-fishing, under-funded pensions and water scarcity. A dit EdTech Acquisition, a blank check company formed by Adit Ventures targeting the education sector, raised $240 million by offering 24 million units at $10. the board of managers of GRIID Holdco. This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and 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 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. BROOKLYN, N.Y.--(BUSINESS WIRE)--Adit Ventures, a global venture capital firm with over $400 million in AUM, has agreed to seed Aanika Re, a Bermuda-based insurance vehicle wholly owned by Aanika Biosciences, inc. Aanika Res mandate is to leverage the microbial tagging technology developed by Aanika Biosciences, as well as a broader swath of biological innovations, to prevent, identify and mitigate various risks in the food and agricultural industries. 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. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. -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. Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. Additional Information and Where to Find It. Portfolio companies include Airbnb, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Klarna, Noom, Netskope, SpaceX and Turo among others. To learn more, visit griid.com. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. He received a B.B.A in Finance and Marketing from Hofstra University and M.B.A in Finance from Baruch College's Zicklin School of Business. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined statements in this press release, including but not limited to: (i)the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of Adit EdTechs securities, (ii)the risk that "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. These forward looking statements speak only as of the date of AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. Quantitative: -Valuation at entry is a critical discipline,. Adit's investment objective is 3x return of capital within a 3-5-year time frame. The $246million of anticipated net transaction proceeds, assuming no redemptions, and an existing When typing in this field, a list of search results will appear and be automatically updated as you type. Griid Infrastructure LLC (GRIID) is a profitable, vertically integrated bitcoin self-mining company -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. and commercial due diligence. The landscape for markets and investments is constantly evolving. An "Adit" is an entrance to a mine, serving as an acronym for Adit's services, providing Access, Diligence, Insight and works with Trusted partners across the United States and around the world. 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. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? 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. Join to view profile Adit Ventures, LLC. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? (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 from 8 AM - 9 PM ET. 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. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to the combined company is expected to operate under the name GRIID -Will the business make a difference by adding value for its customers, it's employees and the community it serves, as well as its shareholders? Adit Ventures serves clients in the United States. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. GRIIDs existing management team, led by President and He holds a B.S. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Such statements are not guarantees of future performance and actual results or developments may Adit Ventures is an employee owned and operated asset management firm headquartered in New York. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? Featuring a depth camera, AI-based built-in face tracking, voice recognition, advanced microphones, and sensors, the device enables a simple and intuitive personalized experience - a benchmark for the future of smart living. Team Adit has relationships cultivated over their 150 years of principal investing experience. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. AUSTIN, Texas, June 11, 2020 /PRNewswire/ -- Seasoned venture investor and software professional Jon Cholak has joined Adit Ventures, a leading, family-office owned, venture capital investment firm, as Managing Director, Portfolio Manager. At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving todays market and shaping tomorrows economy. Qualitative: -Is it a good management team, with depth and experience in challenges. 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