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 Adit Ventures serves clients in the United States. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Sanders LLP acted as legal advisor to GRIID. company enterprise value of approximately $3.3billion. (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 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 economy, 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. "Adit Ventures is proud to have an executive with Lazear's experience further build out Adit's operational and compliance depth. Quantitative: -Valuation at entry is a critical discipline,. 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. Please visit www.aditventures.com for further information. See how our funds let you invest in dynamic, sustainable private businesses that strive to lead the way to a better and more productive world. 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 landscape for markets and investments is constantly evolving. Adit Ventures uses a 10-step investment process incorporating its proprietary research on both quantitative and qualitative factors. Principal Place of Business and Contact Information 3. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors?-Does the business adhere to fundamental ESG principles with character and integrity in its practice? GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining What We Do Who We Are Sell Your Options 1. Mr. Cholak started his career at Deloitte Consulting where he managed large scale custom software development projects in the health and human services sector. Operations sections of Adit EdTechs Annual Report on Form 10-K for the year ended December31, 2020, and other filings made with the SEC and that are available on the SECs website at Based in Cincinnati, Ohio, GRIID is a profitable, financial advisor to Adit EdTech for capital markets and M&A advisory services. -Does the business adhere to fundamental ESG principles with character and integrity in its practice? An "Adit" is an entrance to a mine and serves as an anagram for the firm's services, since . A proxy statement will be sent to all Adit EdTech Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. Commenting on the news, Munson said: "We invest in disruptive companies with the potential to cross verticals and scale at pace. Family Investment Office, Secondary Purchaser, Venture Capital, Early Stage Venture, Late Stage Venture, Secondary Market, Edit Lists Featuring This Company Section, East Coast Companies With Less Than $500M in Revenue (Top 10K), City of New York Companies With Less Than $1B in Revenue (Top 10K), Early Stage Venture Investors Family Investment Offices. Mr. Lazear speaks at numerous global industry events on topics ranging from best practices, operational due diligence, and corporate governance. University of Oxford - Said Business School . 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. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Such statements are not guarantees of future performance and actual results or developments may 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. differ materially from those projected in the forward-looking statements. ADIT Growth Equity Co - Invest LLC Series Magic - Adit Growth Equity Co - Invest, LLC - Series Airbn Adit Ventures raised a total of $150 K in funding over 1 rounds. events or outcomes such as believe, may, will, estimate, continue, anticipate, design, intend, expect, could, plan, Learn how we can help you build a portfolio of private growth emerging market leaders. Adit Ventures, LLC is a venture capital investment firm. 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. which may be volatile due to a variety of factors, including changes in the competitive and regulated] industries in which Adit EdTech plans to operate or GRIID operates, variations in operating performance across competitors, changes in laws and 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. and commercial due diligence. transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Adit EdTech, GRIID or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such A family-owned firm with over a century of combined financial experience, were also a team of professionals committed to investments that create positive change. Quantitative: -Valuation at entry is a critical discipline, as . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. GRIIDs combination of a large Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public 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. 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. this transaction., David Shrier, CEO of Adit EdTech, added, Carbon-free mining is the future of bitcoin. Adit seeks to capitalize on long-term secular trends in the global economy where they see dynamic areas of growth. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. More information on how Adit is helping build a portfolio of private growth emerging market leaders can be found at www.AditVentures.com. He continued: It is rare to find compelling technology coupled with a difficult to replicate market strategy, which is what I believe Aanika has here. Create a portfolio thats built for the future, with investments focused on cultural and technological trends that have the potential to define the next financial generation. 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. 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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. Please visit www.aditventures.com for further information. 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. Join to view profile Adit Ventures, LLC. Markets never sleep, and neither does Bloomberg News. 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 board of managers of GRIID Holdco. With the support of Adit, will deliver an entirely new type of sensory listening that will change the way people experience audio.". 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. 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 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. 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. Web Hypertext Application Technology Working Group, Get Free Access to Adit Ventures Contacts Info. Prior to joining Adit Ventures, Mr. Lazear was an Executive Director at J.P. Morgan, where he managed a team that worked with alternative funds, throughout their life cycle, providing advisory services to COOs, CFOs and General Partners specializing in due diligence, operational infrastructure, operational risk management, and policies and procedures. GRIID management reports that it has over 1,300 MW of power (under agreement, MOU or LOI), of which 734 Genesis will focus primarily on early-stage software companies with an emphasis on selecting proven founders and market-ready technologies in industries poised for meaningful growth. AI-based online learning platform adds to $7.5 million Series A investment round from January 2021, bringing total funding to $22.5 million. 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 from 8 AM - 9 PM ET. Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. 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. A family-owned firm with over a century of combined financial experience, Adit Ventures is a team of professionals committed to Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Adit is currently positioned to invest across the entire company life cycle (Seed to Pre-IPO). Markets are changing, and investments are too. public bitcoin miners at the lowest cost of scaled production. Adit EdTechs CFO, We're introducing a third way using this groundbreaking technology. pipeline of low-cost, carbon-free power, distinctive access to next generation ASICs, and market-leading execution position them to generate attractive profitability and growth., Eric Munson, Adits founder and Managing Partner, said, GRIIDs focus on utilizing next generation computing power for more efficient clean He brings in-depth experience at Intel, management consulting experience plus a top-decile performance record to Adit's team of 8 professionals." events or otherwise. -Does it have a good capital base, board of directors/investors and well-regarded savvy Venture Sponsors? otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC when they become available. The device is smart assistant compatible, seamlessly connecting to your smart home network. Metaverse on why hes placing a big Web3 bet against Mark Zuckerberg, Haystacks.AI Maintains Strong Momentum for 2022 With Additional Funding, Accelerated Growth, Fintech giants Stripe and Klarna partner on buy now, pay later as competition heats up, Animoca Brands raises $65M at $2.2B valuation from Ubisoft, Sequoia China, Dragonfly Capital, others, Podcast: Ryan Petersen on How Global Supply Chains Have Gotten Even Worse. At Adit Ventures, we offer curated and professionally managed access to equity in private firms that we believe are driving today's market and shaping tomorrow's economy. 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. will be provided in a Current Report on Form 8-K to be filed by Adit EdTech today with the U.S. Securities and Exchange Commission (the SEC) and will be available at www.sec.gov. Contact: Julie Klugman www.aditventures.com, Cision Distribution 888-776-0942 which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. 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. Adit Ventures is a venture capital investment firm with over 1250 LPs, $400MM in AUM, 3 offices across the US, and 9 exits. 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. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. substantially realized, they may not have the expected consequences to or effects on GRIID, Adit EdTech or their respective businesses or operations. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. To learn more, visit griid.com. potential, predict, seek, should, would or by variations of such words or by similar expressions. When typing in this field, a list of search results will appear and be automatically updated as you type. Please visit www.aditventures.com for further information. shall not constitute an offer to sell or a solicitation of an offer to buy the securities of GRIID, the combined company or Adit EdTech, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, Portfolio companies include Airbnb, Cohesity, Decision Sciences, ESME Learning, Flexport, Klarna, Netskope, Palantir, SpaceX and Turo among others. Adit EdTech intends to file a proxy statement with the SEC. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? 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 stockholders. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. 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. Adit Ventures is an employee-owned investment firm with offices in California, Florida and New York. Quantitative: -Valuation at entry is a critical discipline,. Adit EdTech is a publicly listed Team Adit has relationships cultivated over their 150 years of principal investing experience. Overnight on Wall Street is morning in Europe. Angel, Fund of Funds, Venture Capital), General contact email for the organization. Adit has relationships cultivated over their 150 years of principal investing experience View all 16 employees about us Founded 2014. Florida, New York, Texas, and Utah Adit seeks to capitalize on secular. Ceo of Adit EdTech for accounting and tax due diligence and quality of assessment... Human services sector relevant materials to be filed with the SEC when they available... 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