TCM|Strategic Provides Update on Fund Holdings
TCM|Strategic Provides Update on Fund Holdings |
| [17-March-2025] |
WASHINGTON, March 17, 2025 /PRNewswire/ -- TCM|Strategic ("the Fund") announced today that it has distributed 1,385,147 common shares of Digimarc Corporation (NASDAQ: DMRC) to certain Limited Partners. The Fund's current ownership stands at 2,355,093 shares. "TCM|Strategic is a Special Purpose Vehicle formed in September 2020 with the sole purpose of making an investment in Digimarc Corporation. The original Fund life was four years," said Riley McCormack, Managing Member of TCM|Strategic. "Limited Partners representing approximately 2/3rds of the Fund, including me, have decided to extend the Fund expiry date by multiple additional years for the purpose of allowing the Fund to maintain full ownership and control of their pro rata interest. Today's share distribution to the other Limited Partners reflects the conclusion of the original Fund life." Disclaimer: This press release is made available for the limited purposes set forth herein. No offer to sell or solicitation of an offer to purchase any securities or to participate in any investment vehicle or other financial product offered, sponsored, managed or otherwise associated with TCM Strategic L.P. or any of its affiliates or personnel (collectively, "TCM") or any securities of Digimarc Corporation ("Digimarc") is made hereby. This press release does not constitute an offer to sell or a solicitation of an offer to buy an interest in any investment or other asset. Such an offer, if made, may be made only through separate offering materials or registration statements, as applicable. This press release does not and shall be deemed not to constitute any commitment or to create any contractual obligations on the part of TCM, Digimarc or any of its relevant subsidiaries or affiliates. This press release is not, and may not be relied on in any manner as legal, tax, investment, accounting or other advice, and none of TCM, Digimarc, or any of its affiliates has or will provide any such advice.
SOURCE TCM|Strategic | ||
Company Codes: NASDAQ-NMS:DMRC |
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