For CONFIDENTIAL Updates to investors go to the Confidential Page for Investors.
October 23, 2024, Interpodia Technology corp is acquired by a U.S. based software company.
October 1, 2024, WUTIF holds Annual General Meeting via Zoom call. 43.9% of outstanding shares were voted in favour of all resolutions.
Sep 23, 2024, WUTIF releases Annual Report for the 2024 fiscal year – available on the confidential page at wutif.ca.
Sep 11, 2024, WUTIF announces that it’s Annual General Meeting will be held on Oct 1, 2024.
July 1, 2024, WUTIF completes its 21st year. During the year, there were four exits. WUTIF will be offering redemptions to investors later this year.
June 24, 2024, Mergebase Software is acquired by Finite State Inc of Ohio for a combination of cash and shares.
Nov 6, 2023, Sale of Carbon Engineering to Occidental Petroleum at CAD$2.1 Billion valuation completed. WUTIF is now offering share redemptions and rollovers to shareholders.
Sep 27, 2023, WUTIF held its 20th Annual General Meeting in Person. 68.7% of outstanding shares were voted in favour of all resolutions.
Sep 15, 2023, WUTIF is offering shares at $27.00 per share until December 31, 2023. These shares qualify for the 30% refundable tax credit. Up to 58,500 shares are available.
Aug 16, 2023, Occidental (NYSE: OXY) will acquire the ~68% of Carbon Engineering’s equity not already owned by it for total cash consideration of approximately US$1.1 billion. This represents US$329 per share to be made in three annual payments.
Feb 10, 2023, GuardRFID, a company in which WUTIF invested $102K almost 15 years ago, is being acquired by HID Global for $8.5M which will result in a payout of approximately $360K.
Jan 16, 2023, WUTIF receives a 2023 tax credit allocation allowing us to raise $2 million against which we can issue 30% redeemable tax credits.
Feb 28, 2023, WUTIF closes $1,045,071 in new share subscriptions at $27/share from Nov 2022 to Feb 2023.
Sep 29, 2022, WUTIF held its 19th Annual General Meeting via zoom. 75.3% of outstanding shares were voted in favour of all resolutions.
Feb 28, 2022, WUTIF closes $3,428,275 in new share subscriptions at $25/share in January & February 2022.
Nov 30, 2021, WUTIF completes $1.2M in share redemptions.
Sept 17, 2021, WUTIF announces date of Annual General Meeting: Thurs, Oct 28 at 4pm via ZOOM.
Sept 8, 2021, WUTIF Investee, Redlen Technologies Inc., a Victoria-based X-ray imaging company, is acquired by Canon Inc at a valuation of US$335M.
June 11, 2021, WUTIF closed its May 2021 offering of shares raising $1.6M in new capital for investing in startups. WUTIF’s target for this raise was $920K which was substantially exceeded. Shares were offered to accredited investors for $23/share.
Mar 15, 2021, Veracyte, Inc. (Nasdaq: VCYT) announced it has completed its USD$600M cash acquisition of Decipher Biosciences, Inc. of San Diego to further solidify its global leadership in genomic diagnostics. Decipher, formerly named GenomeDx was founded in Vancouver BC. Bruce Schmidt, a WUTIF director, was a co-founder.
Feb 9, 2021, WUTIF’s Investee, Tantalus Systems Holding Inc, begins trading on the TSX Venture Exchange under the ticker symbol GRID as a result of a reverse takeover by Risetech Capital.
Jan 4, 2021, WUTIF announces first half of fiscal year 2021 financial results reporting a net profit of $814K as a result of four liquidity events.
Dec 31, 2020, WUTIF completes share redemptions and closes a private placement for $1.8M at $22.00 per share.
Nov 19, 2020, WUTIF Investee, Moore & Gaspercz (dba ehsAI) is acquired by Intelex resulting in an immediate payout of 3 times our investment of $130K made 11 months earlier for an annualized return of 272%. Additional proceeds may be realized depending on holdbacks.
Nov 2, 2020, WUTIF announces share redemptions and new investment offering at $22.00 per share for which 30% refundable tax credits are available.
Oct 31, 2020, WUTIF Investee, Clevest Solutions Inc. is acquired by Swedish Firm, IFS Holdings resulting in a total payout of $600K on an investment of $100K.
July 16, 2020, WUTIF Investee, Aquatic Informatics is acquired by Danaher Corp (US) resulting in a total payout of $815K on an investment of $109K.
Sep 30, 2019, WUTIF wins lawsuit against Mazza Innovations for not honouring its seed round liquidation preference thereby receiving an additional $150K in proceeds.
July 26, 2019, WUTIF Investee, Ecotagious Inc is acquired by Simple Energy Inc (USA) for US$12.5 million. WUTIF’s payout is $306K on two investments of $50K – in under 3 years.
March 13, 2019 WUTIF Investee Company, Neurio Inc. (formerly Energy Aware Inc.), is acquired by Generac Holdings (NYSE:GNRC). WUTIF was one of the early investors in Neurio in 2007. The impact on WUTIF’s share value is substantial. WUTIF will realize proceeds in excess of $3 million for the sale of its shares in Neurio. Check the News Release from Generac.