“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
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 throughStrata 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 theU.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. InFebruary 2024 , Invizyne filed a registration statement on Form S-1 with theU.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 toSEC 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
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 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,
For more information, please visit www.mdb.com.
Forward-Looking Statements
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