TORONTO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Stack Capital Group Inc., ("Stack Capital" or the "Company") (TSX:STCK) today announced its financial results for the quarter ended June 30, 2024. Stack Capital reports all amounts in Canadian Dollars unless otherwise stated. Company Commentary: As at June 30, 2024, Book Value per Share (BVpS) of the Company was $11.24, compared with $11.03 as at March 31, 2024. SpaceX announced a tender with a valuation of US$210 billion or US$112 per share, which resulted in a fair value increase of $1.7 million or $0.18 per share for Stack Capital. The Company invested $2.1 million (US$1.5 million) into Defence AI LP, a wholly owned special purpose vehicle, which holds a hybrid debt and equity investment in a military defence company, which entitles Stack Capital to annual interest and the underlying assets held. Hopper announced two large enterprise deals with Sumitomo Mitsui Card Co. Ltd., the largest credit card issuer in Japan, owned by SMBC Group; and Lotte Card, a leading Korean credit card issuer with 9+ million card members. With both deals, Hopper will power the travel loyalty portal for each credit card partner, enabling their respective cardholders to easily book travel while saving money. Omio expanded their partnership with Uber in Europe into Spain. Building on their success in the UK, Uber users in Spain will now be able to book trains through the Uber app, powered by Omio's unique API. Prove Identity announced a strategic partnership with BetMGM, a market-leading sports betting and gaming entertainment company. BetMGM will be using Prove's Pre-Fill identity solution allowing users to streamline the creating of an account. The Company's cash position as at June 30, 2024, was $11.4 million or $1.25 per share. To date, the Company has completed ten investments contributing $10.04 per share as at June 30, 2024, into the following: SpaceX (space exploration & communications) Locus Robotics, Inc. (robotics) Omio, Inc. (travel & leisure) Canva, Inc. (graphic design) Hopper, Inc. (travel & leisure) Newfront Insurance, Inc. (insurance & benefits) Prove Identity, Inc. (cyber-security) Bolt Financial, Inc. (e-commerce) Varo Money, Inc. (neo-banking) Defence AI LP (military defence) Q2-2024 Highlights As at June 30, 2024, the Book Value of the Company was $103.6 million, and the Book Value per Share was $11.24. A detailed summary of Book Value per Share is as follows: Breakdown of Book Value per Share as at June 30, 2024:   Investment – SpaceXi $         1.53   Investment – Locus Robotics, Inc.   1.46