WUTIF News & Updates

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:

https://finance.yahoo.com/news/generac-announces-acquisition-neurio-technology-100000101.html?soc_src=strm&soc_trk=tw

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)

Riipen Networks Inc

Creatus Biosciences Inc

KeyCafe Inc

Agilik technologies Inc

Penny AI Technologies Inc

BioConscious technologies Inc (AKA Diabits)

Mesentech Inc