MDB Capital Holdings Provides Third Quarter 2024 Update
21 November 2024 - 10:05PM
MDB Capital Holdings, LLC, (NASDAQ: MDBH) (“MDB”), a public
venture platform focused on launching category-leading deep
technology companies, today provides an update on operations
through and subsequent to the quarter ended September 30, 2024.
“Throughout the year, we continued to strengthen our operations
to increase our capacity to curate and diligence deep technology
ideas that we can ultimately finance and help stand up to become
leaders in their technology category,” said Christopher Marlett,
CEO and Co-Founder of MDB. “At the same time, we deepened and
broadened our relationships with our investor community by
expanding our self-clearing brokerage offerings and securing new
partnerships like we recently announced with one of the largest and
most active angel investor networks in the nation, TCA Venture
Group.”
Marlett concluded, “On the heels of a successful IPO for
Invizyne Technologies, a ‘Big Idea’ company we spun out from the
UCLA laboratory to the public market using our complete process, I
am happy to report that we have a robust pipeline of new
opportunities in the final stages of diligence. As we head into
2025, we are focusing on scaling the number of deep technology
ideas we turn into valuable public companies and increasing
operational efficiency.”
Third Quarter 2024 and Subsequent Operational
Highlights
- Launched and
completed an initial public offering for Invizyne Technologies:
On November 13, the leading designer of cell-free, enzyme-based
biomanufacturing systems to produce commercially important
molecules and chemicals for everyday life, began trading on NASDAQ
under the ticker symbol “IZTC.” MDB co-founded the company and
currently owns approximately 48% of outstanding shares.
- Announced a
collaboration with Mayo Clinic to advance an anti-senescence
platform: We launched a new “Big Idea” company through
a patent and know-how license agreement with Mayo Clinic
to develop a small molecule anti-senescence platform. This
collaboration aims to advance research in longevity and age-related
disease prevention and involved a $150,000 upfront license fee to
Mayo. Initially, MDB owns a 67% founding ownership stake in a new
company with the option to invest up to $5 million more for
additional equity.
- Enhanced our
curation and diligence capabilities: We increased the number of
trained analysts to thirteen across our organization. Year-to-date,
this enabled us to screen 8,751 private and public companies and
further examined 217 with the highest probability of becoming
market leaders, which has resulted in a robust pipeline of
potential “Big Ideas” to bring to market.
- Increased
PatentVest engagements: Our integrated IP intelligence,
strategy consulting, and IP law firm, which enables visionary
companies to develop into technology leaders, worked with eight
clients, up from three at the end of 2023. While revenue generation
is in its early stages, our initial clients have enabled us to
understand how to best position the business for growth and we
remain optimistic about the prospects for the company.
- Expanded and
deepened relationships with our unique investor community:
Since the end of 2023, we increased our shareholder base by 15%,
onboarded over 450 new brokerage accounts, increased assets under
management from roughly $2 million to $28 million before taking
into account the Invizyne IPO, and announced a new partnership with
TCA Venture group to continue to expand awareness and participation
in the only clearing and trading platform built for public venture
investing.
- Reported
consolidated financial results: On November 12, we filed Form
10-Q with the SEC, which reports consolidated results from all
operations, including Invizyne since the IPO did not occur before
the quarter end. During today’s investor call, a financial breakout
of operations will be discussed. In future quarters, illustrations
of separate operating performance will be provided via an “Investor
Toolkit” to be used in conjunction with regularly scheduled Form
10-Q filings.
Third Quarter 2024 Results Zoom Webinar at 4:30 p.m. ET
Today
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
milestones, as well as host a question-and-answer period.
Investors can pre-register now for the Zoom webinar HERE. The
live webinar can also be accessed on the day of the event through
MDB’s investor relations website at https://investors.mdb.com/.
About MDB Capital Holdings, LLC
Founded in 1997, MDB Capital focuses on launching "Big Ideas"
into valuable public companies with a better approach to public
venture capital. This approach involves community-driven financings
of pre-revenue, early-stage deep technology companies through early
public offerings, primarily listed on NASDAQ, as well as post-IPO
offerings for already public companies that fit MDB's overall
criteria for investment.
MDB Capital is the brand under which MDB Capital Holdings, LLC
(NASDAQ: MDBH) and its subsidiaries operate and provide services,
which includes a self-clearing broker-dealer and trading platform
and an integrated, intellectual property (IP) strategy consulting
and law firm. MDB Capital is a registered broker-dealer, Member
FINRA/SIPC.
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
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