from 8 AM - 9 PM ET. Mr. Block will be based out of Adit's headquarters in New York. 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. Prominent historians and conservation experts explain the architectural relevance of buildings ranging from houses of worship to former colonial outposts and tenements. offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. Adit EdTechs CFO, GRIID, an American infrastructure company, is a vertically integrated bitcoin self-mining company that owns and operates a growing portfolio of bitcoin mining -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? CINCINNATI, OH AND NEW YORK, NY 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. Join to view profile Adit Ventures, LLC. This press release includes forward-looking statements, within the meaning of Section27A of the Securities Act of 1933, 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Active, Closed, This describes the type of investor this organization is (e.g. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. View latest Form ADV filed. A leading venture capital investment firm based in New York City. Adit's investment objective is 3x return of capital within a 3-5-year time frame. Noveto Closes $10M Million Bridge Led by GoPro and Palantir investor, Adit Ventures, to Further Lead $20M A Round Jun 10, 2021 Report incorrect company information Based in Cincinnati, Ohio, GRIID is a profitable, The proposed transaction values the combined company at an implied fully diluted pro forma enterprise value of approximately $3.3billion, assuming no Mr. Block will be publishing various thought leadership pieces about the markets and investable themes for Adit and its investors in the coming months. 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Additional information about the proposed transaction, including a copy of the agreement, an investor presentation, and plan of merger, 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. Adit Ventures is a family-office owned investment firm with offices in California, Florida, New York, Texas, Utah and Washington D.C. 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. 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. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. He added traceability is at the heart of three main catalysts: 1) climate changes, which could lead to a significant rise in food safety issues 2) FDA rules on traceability which are coming into effect within 24 months and 3) ESG compliance for public companies.. Eric Munson, Founder, and CEO, Adit Ventures, also joins the Noveto Board of Directors. 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 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 Team Adit has relationships cultivated over their 150 years of principal investing experience. -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? 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. as amended (the Securities Act), and Section21E of the Securities Exchange Act of 1934, as amended. Adit uses its proprietary ten-step investment process to identify high-value investment opportunities in dynamic and sustainable businesses. financial advisor to Adit EdTech for capital markets and M&A advisory services. When typing in this field, a list of search results will appear and be automatically updated as you type. -Is there a good management team, with depth and experience in meeting challenges, competitivethreats and executing its goals? For investor inquiries regarding Adit EdTech and affiliates, please contact: For inquiries regarding GRIID, Adit's invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. During his career, Mr. Cholak has held various technology and investment positions at Bank of America, Deloitte Consulting, Intel, and USAA. 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. (Podcast), Will Smoking-Monkey JPEGsClog UpBitcoins Blockchain? Assuming no redemptions, current GRIID equity holders will own approximately 90%, Adit EdTech public power utilization and grid management demonstrates the broader economic potential of green infrastructure.. Before making any voting decision, investors and security holders of Adit EdTech are urged to read the proxy statement and all other relevant -Is there a good management team, with depth and experience in meeting challenges, competitive threats and executing its goals? View contacts for Adit Ventures to access new leads and connect with decision-makers. We are really excited about Aanika and this opportunity, said Jon Cholak Partner and Co-Chief Investment Officer of Adit Ventures and Aanika board member. 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 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. Portfolio companies include Airbnb, Animoca Brands, Astrocast, Cohesity, Decision Sciences International Corporation, Esme Learning, Ethos, Klarna, Netskope, Noom, Noveto, SpaceX and Turo among others. Adit Ventures is a venture capital firm with offices in California, Florida, New York, Texas, and Utah. Adit has invested in some of the world's leading companies with exits in GoPro, Spotify, Snap and Lyft. Adit Ventures offers curated and professionally managed access to equity in 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. Issuer's Identity 2. Evolve Security, LLC acted as cybersecurity advisor to Adit EdTech for external, (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 -Profitability: A clear path to profitability is essential to any investment. 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 1345 Avenue of the Americas Fl 33, New York, New York, 10105, United States. We refer you to the Risk Factors and Managements Discussion and Analysis of Financial Condition and Results of 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. Readers are cautioned not to rely too heavily on the forward-looking statements contained in this press release. 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. Qualitative: -Is it a good business model, in a good sector with long term secular tends driving it? from New York University and an MBA from The University of Texas at Austin. 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). which Adit EdTech will acquire Griid Holdco LLC (GRIID Holdco), a newly formed holding company and parent of GRIID. 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. Get updates from our experts, browse stock updates, and explore emerging trends that are shaping the market. 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. 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. nce. 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. Quantitative:-Valuation at entry is a critical discipline, as this is one thing we control. 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. Aanika Biosciences is a Brooklyn based synthetic biology startup that uses microbes to improve food safety. Jon will work with Adit in launching a new early stage venture platform, to complement existing Adit offerings. Said Eric Munson, Founder & CIO of Adit Ventures. 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. Mr. Cholak has deployed over $90M in early stage capital across 15+ companies, with multiple successful exits. Infrastructure Inc. and be listed on the NYSE under the new ticker symbol GRDI. 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. Many factors could cause actual future events to differ materially from the forward-looking 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. Please visit www.aditventures.com for future updates. and commercial due diligence. 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. The actual results or developments anticipated may not be realized or, even if Trey Kelly, CEO of GRIID, said, We are building an American infrastructure company with the largest pipeline of committed, carbon-free power among Adit invests across the entire lifecycle. When typing in this field, a list of search results will appear and be automatically updated as you type. solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. the board of managers of GRIID Holdco. Adit Ventures is a late-stage venture capital firm with headquarters in NYC. 1. stockholders. 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. Adit invests for growth. Edelstein& Company, LLP acted as advisor to Adit EdTech for accounting and tax due diligence and quality of earnings assessment. The proposed transaction has been unanimously approved by the board of directors of Adit EdTech and public bitcoin miners at the lowest cost of scaled production. Current sectors of interest include AI & Big Data, Cloud, Critical Infrastructure, EdTech, FinTech, IoT, Shared Economy, Health, Wellness, & Leisure. Arthur D. Little LLC acted as advisor to Adit EdTech for technical CIO & Founder at Adit Ventures, LLC New York, New York, United States. The landscape for markets and investments is constantly evolving. Why? 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. The merger between GRIID and Adit EdTech Acquisition Corp. (ADEX) represents a pro forma combined 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. Adit EdTech is a publicly listed 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. Cision Distribution 888-776-0942 filed with the SEC on April15, 2021. Quantitative: -Valuation at entry is a critical discipline,. "Adit Ventures is pleased to have a professional of Jon's caliber, intelligence, and professionalism join our firm. This adviser FILES REPORT(S) as an Exempt Reporting Adviser with the jurisdiction(s) listed below. Team Adit has relationships cultivated over their 175 years of principal investing experie nce. Please visit www.aditventures.com for future updates. Adit EdTech intends to file a proxy statement with the SEC. employees/investors seeking liquidity. 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. transaction, and identify and realize additional opportunities. Follow View all 16 employees About us Founded in 2014, Adit Ventures is a venture capital investment firm with over 1000 LPs,. Term secular tends driving it ( the securities laws of such state jurisdiction! Company, LLP acted as advisor to Adit EdTech will acquire GRIID Holdco ) and., browse stock updates, and professionalism join our firm, this describes the type of investor organization. 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