06:40 AM EDT, 06/05/2024 (MT Newswires) -- ThreeD Capital ( IDKFF ) , a Canadian-based venture capital firm, that saw its shares jump 5.5% yesterday, overnight Tuesday

announced that through a series of recent dispositions, it disposed of ownership and control of an aggregate of 12.5 million common shares in infinitii ai inc.. As a result of the dispositions, the percentage ownership held by ThreeD and Sheldon Inwentash decreased by 8.4% from the last early warning report filed in connection with the disposition of infinitii securities, from which ThreeD, along with the joint actor, reported as 21.8% ownership on a partially diluted basis, assuming the exercise of warrants, stock options, and convertible debentures held.

Separately, in news out of Tapiei, Tether, in the digital asset industry, announced a strategic investment in XREX Group, a fully regulated, blockchain-enabled financial institution. A statement said "this collaboration aims to drive innovation in the digital asset industry, facilitate USDT-based cross-border payments in emerging markets, and innovate regulatory technology." XREX has an investor lineup including ThreeD Capital ( IDKFF ).