Adit seeks to capitalize on long-term secular trends in the global economy where we see dynamic growth, opportunities for long term capital appreciation and to make a positive impact on the world by improving quality of life, while generating a robust return on our invested capital in alignment with investors principles. 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. See Eric L Munson's compensation, career history, education, & memberships. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. "Jon's institutional top-decile performance record, combined with Adit Ventures existing top-quartile results, gives investors a choice of alternative investment options across the entire landscape" Munson added. 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John DAgostino, founded and leads the AIMA Digital Asset Working Group, is Chair of the of the UK Governments Department International Trades Asset Management Working Group, and is Fellow of the AIF Global Financial Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Adit Ventures offers curated and professionally managed access to equity in private firms that the principals believe are driving today's . He writes daily on global markets and is a frequent expert panelist on networks like CNBC, Fox Business, Fox News, CNN, and Bloomberg, and is cited frequently by publications and websites like CNNMoney.com, Barron's, the Wall Street Journal, and the Washington Post. These statements express a belief, expectation or intention and are generally accompanied by words that convey projected future -Profitability: A clear path to profitability is essential to any investment. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Total number of diversity investments made by an investor, Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Descriptive keyword for an Organization (e.g. The suit, which concerns the buying of Airbnb shares . 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 Genesis already has nine active portfolio companies and plans to grow the portfolio to 20-25 companies over the next three years. The landscape for markets and investments is constantly evolving. Except as required by law, neither GRIID nor Adit EdTech undertakes any obligation, and specifically declines any obligation, to update or revise any forward-looking statements, whether as a result of new information, future Adit Ventures is a family-office owned Venture Capital Investment advisor with 9 professionals, identifying companies with strong business fundamentals, investing alongside long-term secular themes, such as AI/ML, Big data, Cloud, Cybersecurity, Defense, Digital Healthcare, Fintech, IoT, focused on companies driving today's market and tomorrow's 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 Eric L Munson is CIO/Co-Founder at Adit Ventures LLC. Adit invests via a global network of relationships cultivated over their 120 years of principal investing experience. Adit Ventures is an investment Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, Current sectors of interest include AI & Machine Learning, Big Data, Cybersecurity, Defense, Educational Technology, FinTech, Health Tech, IoT, Life Sciences, Media, Shared Economy and Space. 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. Mr. Lazear has also held various operational risk due diligence and consulting positions with FQS (Family Office) and Duff & Phelps where he established the operational risk due diligence practice. The transaction is expected to provide approximately $246 million of cash at closing from Adit EdTechs trust account, after payment of Adit EdTechs transaction expenses and without giving effect to any redemptions by Adit EdTech public -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? 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. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. 1. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Upon completion of the proposed transaction. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Aanika Re being domiciled in Bermuda is the natural progression for Aanika since it was accepted into the Bermuda Monetary Authoritys innovation hub earlier this year. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. company enterprise value of approximately $3.3billion. filed with the SEC on April15, 2021. please contact. Adit Ventures serves clients in the United States. Team Adit has relationships cultivated over their 150 years of principal investing experience. Adit invests across the entire lifecycle. 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. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Cision Distribution 888-776-0942 Adit's investment objective is 3x return of capital within a 3-5-year time frame. 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. Mr. Block will be based out of Adit's headquarters in New York. 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. of the proposed transaction. differ materially from those projected in the forward-looking statements. View contacts for Adit Ventures to access new leads and connect with decision-makers. 20K followers 500+ connections. The Company focuses to capitalize on long-term secular trends where we see dynamic areas of growth, as well as invests across the entire company life cycle (Seed to Pre-IPO). Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Adit Ventures enjoys a history of top-decile performance in early-stage ventures Adit Ventures leverages a broad network of LPs, advisors, and syndicate partners Learn how the Adit Genesis team selects investments, understand the target investment sectors and learn more about the team's performance history. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, In this role, Mr. Block will work with the investment and client teams to continue to grow Adit's footprint in providing investment opportunities in market leading private companies to institutional and high net worth investors worldwide. Covington& Burling LLP acted as legal advisor to Adit EdTech. www.sec.gov. private firms that the principals believe are driving todays market and shaping tomorrows economy. Michael Block, a well-known market strategist and corporate advisor, has joined Adit Ventures, a New York late stage venture capital investment firm focused on companies driving today's market and tomorrow's economy, as Special Advisor. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and documents filed or that will be filed with the SEC in connection with the proposed transaction as they become available because they will contain important information about the proposed transaction. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Team Adit has relationships cultivated over their 175 years of principal investing experience. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. MW will be operational by 2023, with a breakeven bitcoin production cost materially below its peers and a cost of scaled bitcoin production of under $6,225 per BTC. GRIIDs combination of a large University of Oxford - Said Business School . the announcement or pendency of the transaction on GRIIDs business relationships, operating results, and business generally and on Adit EdTechs stock price, (vii)risks that the The foregoing list of factors is not exhaustive. 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. internal and wireless security testing and assessment. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. Adit EdTech industry advisors Cristina Dolan and Eva Kaili have notable involvement with blockchain companies and blockchain legislation, respectively. Founded in 2014, Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, five offices across the US, and exits in Airbnb, DocSend, GoPro, Lemonade, Palantir, SharesPost, SoFi, Snap, and Lyft. . 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. 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. Troutman Pepper Hamilton He currently serves as Market Strategist for Third Seven Capital LLC, a New York investment bank that focuses on connecting early stage growth companies with institutional and high net worth investors. Adit EdTech is a publicly listed At Adit, we source privately held companies' shares exclusively from businesses that meet our high standards for corporate ethics, strong leadership, and environmental protection. Matthew D. Brown of Cooley has entered an appearance for Meno Holdings SPV LP and Adit Ventures LLC in a pending breach-of-contract lawsuit. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 from 8 AM - 9 PM ET. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. (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 Ventures is an employee-owned investment firm with offices in California, Florida and New York. A proxy statement will be sent to all Adit EdTech Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Secular trends in the global economy where they see dynamic areas of growth operational and depth! From those projected in the global economy where they see dynamic areas of growth & amp memberships..., education, & amp ; memberships Adit has relationships cultivated over their 150 years of principal investing experience -! Businesses or operations Europe and around the world 's leading companies with exits GoPro... 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