MDB Capital Holdings Year-End Update
17 Aprile 2024 - 10:05PM
MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public
venture platform focused on launching category-leading deep
technology companies, reported results for its fourth quarter and
full year ended December 31, 2023, on form 10-K filed with the
Securities and Exchange Commission, and will highlight recent
corporate progress on today’s call with management.
“On the heels of completing our IPO on the NASDAQ in the third
quarter of 2023, we’ve been working diligently to advance our
self-clearing broker dealer capabilities to support our investor
community, increasing the number of deep technology ideas we review
and ultimately finance, as well as ramp up the number of clients
engaged with our integrated IP solution platform, PatentVest, which
is critical in assisting the companies we back to become leaders in
their technology category,” said Christopher Marlett, CEO and
Co-Founder of MDB. “I look forward to providing an update on
today’s webinar to help shareholders understand how to measure our
performance as we begin to transform more ‘Big Ideas’ into valuable
public companies and in turn, demonstrate why we believe public
venture outperforms traditional venture-stage investing.”
Fourth Quarter 2023 and Subsequent Operational
Highlights
- Launched PV Trade, our dedicated trading platform for public
venture equities: PV Trade enables seamless online trading via
mobile device or desktop applications and is coupled with a
professional trading team dedicated to providing value and
liquidity through constant attention to orders for early-stage
public companies.
- Bolstered brokerage offering with addition of self-directed
IRA capabilities and competitive money-market option: Following
final regulatory approval for Public Ventures to act as a
self-clearing broker-dealer, the company enhanced its brokerage
services with the addition of an Invesco Money Market fund option
and a self-directed IRA platform through Strata Trust, which
enables private, public, and alternative investments. The additions
are all part of the company’s mission to provide an exclusive
clearing and trading platform to make it easier to invest in public
venture.
- Secured additional non-dilutive funding and filed S-1 for
IPO of “Big Idea” partner company: At the beginning of the
quarter, Invizyne Technologies Inc. (“Invizyne”), a leading
designer of enzyme-based biomanufacturing systems – and a
subsidiary of MDB – was awarded $3.77 million in additional funding
from the Bioenergy Technologies Office (BETO) within the U.S.
Department of Energy's (DOE's) Office of Energy Efficiency and
Renewable Energy (EERE) and $250,000 to participate in the latest
Shell Gamechanger Accelerator™ Powered by NREL (GCxN) program. In
February 2024, Invizyne filed a registration statement on Form S-1
with the U.S. Securities and Exchange Commission for the sale of
its common stock in a firm commitment public offering. The company
anticipates the IPO will occur in late Q2 to early Q3, with timing
subject to SEC review process. In allocating the shares to be sold
in IPO, the company intends to give preference to holders of MDB
Class A Shares.
Fourth Quarter and Fiscal 2023 Results Zoom Webinar at 4:30
p.m. ET Today
Christopher Marlett, CEO and Co-Founder of MDB will lead the
webinar and will be joined by other members of the management team
to review recent developments, ongoing initiatives, anticipated
2024 milestones, as well as host a question-and-answer period.
Investors can register for the Zoom webinar here. The live
webinar can also be accessed on MDB's investor relations website
at https://investors.mdb.com/.
About MDB Capital Holdings, LLC
MDB was founded in 1997 with the purpose of backing visionary
technology, inventors, and technology entrepreneurs via a new form
of public venture capital that finances pre-revenue, early-stage
companies through early public offerings, primarily listed on
NASDAQ. After successfully launching 16 companies under this public
venture model, MDB itself became a public entity to attract
investors who share its vision to continue to launch new platform
technologies into the public markets.
MDB currently has two wholly owned subsidiaries, Public
Ventures, LLC ("Public Ventures'') and Patentvest, Inc., and has a
majority ownership stake in Invizyne Technologies, Inc. MDB
recently expanded the business scope of Public Ventures, an SEC
registered and FINRA member broker dealer, to include self-clearing
capabilities to enhance its investment banking services to both
issuers and investors.
For more information, please visit www.mdb.com.
Forward-Looking Statements
This press release contains "forward-looking statements." These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. Words such as "expect," "anticipate," "should,"
"believe," "hope," "target," "project," "goals," "estimate,"
"potential," "predict," "may," "will," "might," "could," "intend,"
"shall" and variations of these terms or the negative of these
terms and similar expressions are intended to identify these
forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond MDB's control. MDB's actual results could differ
materially from those stated or implied in forward-looking
statements due to a number of factors, including but not limited
to, risks detailed in documents that may be filed by MDB from time
to time with the SEC. The forward-looking statements included in
this press release represent MDB's views as of the date of this
press release. MDB anticipates that subsequent events and
developments will cause its views to change. MDB undertakes no
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. These forward-looking statements should not be relied
upon as representing MDB's views as of any date subsequent to the
date of this press release.
Investor Relations Contact:IR@mdb.com
Media Contact: press@mdb.com
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