News Summary

• ThreeD Capital Inc. congratulates HyperCycle on its recent announcement regarding the establishment of a $1.1 billion joint venture with a consortium of South Korean investors led by Addeep Inc.
• The joint venture aims to establish Seoul as a central hub for IoAI development and includes a $250 million cash investment, along with an in-kind contribution valued at $850 million.
• ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company’s ecosystem.