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ASTACK Stack Capital Group Inc. Reports Q3-2021 Financial Results TORONTO , Nov. 11 , 2021 / CNW / - Stack Capital Group Inc. , ( " Stack Capital " or the " Company " ) ( TSX : STCK ) ( TSX : STCK.WT ) an investment holding company seeking to generate long - term capital appreciation through investments into growth - to - late - stage private businesses , today announces its financial results for the quarter ending September 30 , 2021 ( " Q3-2021 " ) . Stack Capital reports all amounts in Canadian Dollars unless otherwise stated . Q3-2021 Highlights • As at September 30 , 2021 , the Book Value of the Company was $ 102.3 million , and the Book Value per Share was $ 11.25 . A detailed summary of Book Value per Share is as follows : Breakdown of Book Value per Share : Cash Investment - Varo Money , Inc. $ 9.05 $ 0.71 Investment - FNEX Ventures LLC - Series 103 ( SpaceX ) $ 0.72 $ 0.84 $ ( 0.07 ) $ 11.25 Investment - Bolt Financial , Inc. Net other assets Book Value per Share • Stack Capital completed its inaugural portfolio investment into Varo Money , Inc. ( " Varo " ) , purchasing common shares in their Series E financing which had a fair value of $ 6.5 million at quarter end . Based in San Francisco , California , Varo is the first all - digital bank in the United States to secure a national bank charter allowing it to offer more products , including loans , to its clients . Varo's mobile first structure , with no physical branches , lowers the cost to serve and enables the company to operate without charging its clients overdraft fees , or requiring minimum monthly balances , representing a competitive advantage over traditional financial service providers . • Stack Capital invested in Bolt Financial , Inc. ( " Bolt " ) , which had a fair value of $ 7.7 million at quarter end . More specifically , Series D preferred shares were purchased , with a fair value of $ 2.6 million ; in addition to a convertible debenture yielding 3 % per annum , maturing September 24 , 2023 , with a fair value of $ 5.1 million . Bolt is a global leader in the one - click checkout process and has successfully created a platform that connects thousands of retailers with millions of shoppers in a unified network , simplifying the online buying process for both . As a registered shopper , purchases are more efficient with no repeat logins and passwords required ; additionally , Bolt has integrated fraud prevention into its solution , highlighted by its ability to cover all chargebacks for each retailer on its platform . • Limited partnership units of FNEX Ventures LLC - Series 103 were purchased , with a fair value of $ 6.5 million . The limited partnership derives substantially all of its value from its underlying position in Space Exploration Technologies Corp. ( " SpaceX " ) , one of the largest private technology companies in the world , led by Elon Musk . SpaceX currently operates three main business lines which include space transportation , space tourism , and Starlink - its global satellite constellation system which delivers internet service to areas that are unserved or underserved . " We're very excited about the portfolio investments that were completed over the past several weeks and believe that Varo , Bolt and SpaceX exemplify the type of innovative and disruptive growth and late - stage private businesses that Stack Capital seeks to invest in " , said Jeff Parks , CEO of Stack Capital . " We continue to evaluate several interesting opportunities on behalf of shareholders