LONDON – Mindflair plc, an investor in AI and next-generation technologies, acknowledged the recent announcement by Infinite Reality (“iR”) on its partnership with Nasdaq Private Market (NPM) to create a secondary trading program for iR’s private shares. The program aims to offer eligible shareholders, including employees and investors, a structured platform for buying and selling shares.
The initiative, announced on January 22, 2025, will leverage NPM’s experience in handling over $55 billion in transaction value, involving a wide range of private companies and participants. This move could potentially provide liquidity options to shareholders before iR becomes a publicly listed company.
Mindflair holds a 13% direct interest in Sure Valley Ventures fund (“SVV1”), which has a stake in iR following iR’s acquisition of Landvault in July 2024. Additionally, Mindflair indirectly owns a 6.1% interest through its holdings in Sure Ventures plc, which itself holds a 25.9% stake in SVV1.
Nicholas Lee, a director at Mindflair, commented on the potential for returns to investors through the new liquidity mechanism, though he noted the absence of detailed information on the value, timing, and size of potential transactions. Mindflair will provide updates to its shareholders as more details become available.
This announcement is informational and not an invitation to invest in iR. It also does not predict iR’s future financial performance. Queries about iR should be directed to the company itself.
The information for this article is based on a press release statement by Mindflair plc.
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