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.
The News Release from Generac can be found at:
February, 2019 So far in the 2019 fiscal year that ends in March 2019, WUTIF has invested in the following 8 companies:
Networks for Change (AKA Keela)
BioConscious technologies Inc (AKA Diabits)