Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. nce. Said Eric Munson, Founder & CIO of Adit Ventures. potential, predict, seek, should, would or by variations of such words or by similar expressions. -Profitability: A clear path to profitability is essential to any investment. . The company was founded in 2018 by Vishal Bhuyan and Dr. Ellen Jorgensen and has raised nearly $20 million in venture financing to date from notable investors such as Adit Ventures, Draper Associates and Plug and Play Ventures. CIO & Founder at Adit Ventures, LLC New York, New York, United States. facilities across the United States. The nature and timing of company exits may be changing, but we believe this creates opportunities for investors to build their portfolios of potentially market-leading companies before they go public. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Quantitative: -Valuation at entry is a critical discipline, as . "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. 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. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or Find your B2B customer within minutes using affordable, accurate contact data from Datanyze. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. 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. Adit invests for growth. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Join to view profile Adit Ventures, LLC. We have carefully selected an exclusive list of market-leading businesses that are fueling high-performing portfolios and revolutionizing industries. Lincoln International LLC acted as financial advisor to Adit EdTech to provide a fairness opinion. Before J.P. Morgan, he was the COO and CCO for IAM (International Asset Management) where he oversaw all activity as well as the operational risk due diligence process. Please visit www.aditventures.com for further information. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Covington& Burling LLP acted as legal advisor to Adit EdTech. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 Wells Fargo Securities LLC, acted as the 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. The current bridge investment is made as part of the company's Series A fundraising to be further led by Adit Ventures to raise an additional $20 Million by year-end. CEO Trey Kelly, will continue to lead the business. Please visit www.aditventures.com for future updates. from 8 AM - 9 PM ET. please contact. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? Invest with us, sell your private shares, and learn more about working with Adit Ventures. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined conditions to the consummation of the transaction, including the adoption of the merger agreement by the stockholders of Adit EdTech and the receipt of certain governmental and regulatory approvals, (iv)the lack of a third party valuation in 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. GRIID, Adit EdTech and their respective directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect transaction, and identify and realize additional opportunities. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. this press release. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Adit Ventures serves clients in the United States. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. Adit EdTech also will file other documents regarding the proposed transaction with the SEC. 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. Its CEO, David Shrier, has published multiple books about blockchain and fintech, created the global online fintech and blockchain internal and wireless security testing and assessment. SEC by Adit EdTech through the website maintained by the SEC at www.sec.gov. from 8 AM - 9 PM ET. 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. 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. 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 proposed substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. When typing in this field, a list of search results will appear and be automatically updated as you type. Here's a list of some of the top trending technologies and APIs used by Adit Ventures. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. stockholders. (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 When typing in this field, a list of search results will appear and be automatically updated as you type. Mr. Lazear was Co-Head of the Capital Advisory Group's ESG working group where he worked with managers and investors on best practices with respect to ESG as well as implementing an ESG framework into the investment and operational process. 1345 Avenue ofthe Americas, FL 33New York, NY 10105, Video player - eric-munson-thumb - Click to play video, Car sharing startup Turo reveals revenue surge in IPO filing, Forge Global to Go Public in $2 Billion Merger with Motive Capital Corp, Car-sharing marketplace Turo confidentially files for U.S. IPO, Hong Kongs Mr. InnovationInstitute. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. ", Dr. Christophe Ramstein, CEO, Noveto, said: "Whether listening to music, movies, games, or a call, there are two ways to experience sound: publicly with speakers, or privately wearing headphones. 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 Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. Its business model focuses on purchasing shares from early-stage investors or employees seeking liquidity before the. 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. GRIID supports the growth of carbon-free energy generation by procuring low-cost energy to build, manage, and operate its portfolio of vertically integrated bitcoin mining facilities. For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, Adit Ventures headquarters are located in 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States, Adit Venturess main industries are: Finance, Venture Capital & Private Equity, Finance, Adit Ventures appears in search results as ADIT Ventures LLC, ADIT Ventures, ADIT Growth Equity Co - Invest LLC Series Esme. Team Adit has relationships cultivated over their 150 years of principal investing experience. The device is smart assistant compatible, seamlessly connecting to your smart home network. Eric Munson co-founded ADIT Ventures in 2014 at the request of family offices seeking to obtain shares in select late-stage venture-backed growth companies. Adit EdTech intends to file a proxy statement with the SEC. An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . 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 -Profitability: A clear path to profitability is essential to any investment. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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 public bitcoin miners at the lowest cost of scaled production. Securities Act. 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 this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. from 8 AM - 9 PM ET. Based in Cincinnati, Ohio, GRIID is a profitable, Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. The funds will support rapid expansion, with plans to triple the headcount over the next year. GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. 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. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no 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. Contact:Julie Klugman[emailprotected]www.aditventures.com, Cision Distribution 888-776-0942 Please visit www.aditventures.com for further information. 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. Prior to this, Mr. Block spent over ten years in various leadership roles in trading, research, and strategy at various alternative investment firms including Sandell Asset Management and Magnetar Capital, and he began his career in Investment Banking at Donaldson, Lufkin & Jenrette. 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. and commercial due diligence. All of the forward-looking statements made in this press release are expressly qualified by the cautionary statements contained or referred to herein. differ materially from those projected in the forward-looking statements. 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. With its unique View contacts for Adit Ventures to access new leads and connect with decision-makers. 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. Adit Ventures offers curated and professionally managed access to equity in special purpose acquisition company sponsored by an affiliate of Adit, formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? The desktop device comes alive with the backing of engineering partner Foxconn, the biggest consumer electronics manufacturer globally. Adit Ventures Profile and History . Please visit www.aditventures.com for further information. Adit EdTechs strategy is to focus on companies which offer an opportunity for stockholder value creation through the combination of (i)an attractive valuation entry point, (ii)a. clear plan to unlock incremental value through operational and/or strategic improvements and (iii)a clear path to bring the target company to the public market and implement best-in-class public company governance. (Podcast). Not only does Adit believe these sectors provide the best opportunity for capital appreciation, but also that they enable the firm to make a positive impact on the world by advancing innovation and improving quality of life. which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. GRIIDs existing management team, led by President and Issuer's Identity 2. 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