EX-KRAKEN managers acquire real estate company, starting with solana to save crypto assets for the treasury
Artificial Intelligence (AI)-powerful commercial real estate firm Janover, Inc., Pantera Capital, Kraken and Arrington Capital, including more than one investor, including notes and warrants, announced that it has collected about $ 42 million.
A new Press releaseNotes in the 4 (a) (2) section of the Law of Securities dated 1933 and D.
Convertible notes carry an annual interest rate of 2.5% on three months. They will mature on April 6, 2030.
If the market value of the company equals $ 100 million the day before transformation or exceeds $ 100 million, notes can be converted to ordinary stock at any time before maturity. The transformation price, Janover’s market value to $ 100 million on the first day and the minimum price will reach $ 4.81. Investors bought warrant with every $ 1,000 -purchased note and allowed them to purchase 6,666 shares from $ 150 from $ 8,333 from $ 120 per share.
According to the press release, Janover revenues plan to use it to obtain digital assets starting from investments in the solana (left) ecosystem.
Former executives of Kraken, the US -based crypto exchange, are now managing the commercial real estate company.
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Picture Produced: Midjourney
The prominent picture: Shutterstock/Satheesh Sankaran
