Mindflair notes Infinite Reality partnership with Nasdaq PM
By Josh White
Date: Friday 24 Jan 2025
(Sharecast News) - Mindflair, an investor in next-generation technology with a focus on artificial intelligence (AI), noted a recent announcement from Infinite Reality (iR) on Friday, over its partnership with Nasdaq Private Market (NPM) to facilitate secondary liquidity for its private securities.
The AIM-traded firm said Infinite Reality, which acquired Landvault - a portfolio company of the first Sure Valley Ventures fund, SVV1 - last July, had now established a company-sponsored secondary trading programme in collaboration with NPM.
It said the initiative would allow eligible iR shareholders, including employees and investors, to access a regulated marketplace for structured secondary transactions of private shares.
NPM, which has powered over $55 billion in transaction value, provides liquidity solutions for private companies through tender offers, auctions, and customised marketplaces.
Mindflair holds a direct 13% interest in SVV1 and an indirect 6.1% interest via its stake in Sure Ventures, which owns 25.9% of SVV1.
The company said it continued to monitor developments related to its investment exposure through SVV1 and the potential benefits arising from Infinite Reality's latest initiative.
"As indicated in the company's announcement on 24 December, various of the SVV1 portfolio companies are actively looking at ways to provide a return to their investors and the mechanism described above may provide such a return in the case of SVV1's holding in iR," said Mindflair director Nicholas Lee.
"However, there is currently limited additional information available as regards value, timing and quantum but we will update shareholders further as and when appropriate."
At 1610 GMT, shares in Mindflair were up 10.66% at 1.38p.
Reporting by Josh White for Sharecast.com.
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