MDB Capital Holdings Reports Third Quarter 2023 Results
16 11월 2023 - 6:05AM
MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public
venture platform with the objective of growing the public venture
marketplace and optimizing the way meaningful technologies are
financed and built, yesterday reported results for its third
quarter ended September 30, 2023 on form 10-Q filed with the
Securities and Exchange Commission, and will highlight recent
corporate progress on today’s call with management.
“The third quarter of 2023 was highlighted by an important
milestone in our company’s journey, as we successfully completed
our IPO and began trading on the NASDAQ,” said Christopher Marlett,
CEO and Co-Founder of MDB. “I look forward to providing an
‘Investor’s Toolkit’ on today’s update call to transparently help
shareholders understand how to measure our progress in the quarters
and years ahead, as we look to scale our operations to launch and
support more visionary companies that possess the potential to be
market leaders in their technology category.”
The company believes the complexity of understanding its
progress via regulatorily mandated financial statements can be made
much simpler and expects to deliver a downloadable financial model
for our investors to utilize to make their own assumptions in order
to model shareholder value creation.
Marlett concluded, “We will also be utilizing this model to
communicate a consistent framework to understand the potential
shareholder value our platform can create with the dedication of
our team and investor community. We look forward to your feedback
and suggestions during the call.”
Third Quarter and Subsequent 2023 Operational
Highlights
- Closed an initial public offering of MDB Class A common
shares for approximately $20 million: The proceeds will be used
for general corporate purposes, meeting regulatory capital
requirements, as well as funding new “Big Idea” investments. We
believe we will be able to fund operations and continued investment
through a combination of monetizing our equity investments in
partner companies over time and the eventual cash flows from the
operation of our wholly owned subsidiaries, Public Ventures, LLC
(“Public Ventures”) and PatentVest, Inc. (“PatentVest”).
- Secured final regulatory approval for Public Ventures to act
as a self-clearing broker-dealer: The approval will allow
Public Ventures to meaningfully expand its business scope and
enhance its investment banking services to both issuers and our
community of investors.
- Launched integrated IP solution platform at PatentVest:
After securing a law firm license in Arizona in September 2022
through the newly established Alternative Business Structure (ABS)
program, we began building out the initial team of strategists,
patent attorneys and IP analysts to deliver a cohesive solution to
new technology companies. During the quarter, PatentVest officially
launched its platform that allows us to integrate technology
expertise with patent prosecution services and began proactive
efforts to offer its suite of services to technology companies and
succesfully secured its first two clients.
- Secured approximately $4 million in non-dilutive funding at
“Big Idea” partner company: 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). The company was also one of
four companies selected and awarded $250,000 to participate in the
latest Shell Gamechanger Accelerator™ Powered by NREL (GCxN)
program. The funds will be used to accelerate development and
commercialization of Invizyne’s disruptive synthetic biology and
biomanufacturing platform.
Third Quarter 2023 Results Conference Call
Christopher Marlett, CEO and Co-Founder of MDB, will lead the
call 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. The
conference call will be accompanied by a presentation, which can be
viewed during the webcast or accessed via the investor relations
section of the company’s website here.
To access the call, please use the following information:
Date: |
Wednesday,
November 15, 2023 |
Time: |
4:30 p.m. Eastern
time (1:30 p.m. Pacific time) |
Dial-in: |
1-877-451-6152 |
International
Dial-in: |
1-201-389-0879 |
Conference
Code: |
13742559 |
Webcast: |
https://viavid.webcasts.com/starthere.jsp?ei=1642518&tp_key=6c34e4b39f |
A telephone replay will be available approximately three hours
after the call and will run through February 15, 2024, by dialing
1-844-512-2921 from the U.S., or 1-412-317-6671 from
international locations, and entering replay pin number: 13742559.
The replay can also be viewed through the webcast link above and
will also be available in the investor relations section of the
company’s website here.
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 is also
in the process of expanding 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
MDB Capital (NASDAQ:MDBH)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
MDB Capital (NASDAQ:MDBH)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024