A New Crypto Company Paid Its SPAC Sponsors Almost Entirely in Warrants
About $6.9 million in inherited debt, settled for 5% cash. The sponsors accepted the rest as warrants exercisable at prices above where the stock currently trades.
About $6.9 million in inherited debt, settled for 5% cash. The sponsors accepted the rest as warrants exercisable at prices above where the stock currently trades.
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