In the reorganization creditors would own 65% of CoinFLEX. Meanwhile, existing Ordinary Series A shareholders, including the CoinFLEX founders, would lose their equity stakes. Series B investors are to remain shareholders and can be incentivized with future equity over time in the event they bring value to the business.
Related posts
-
Proposal Filed With SEC to Transition Bitwise Crypto Fund to Exchange-Traded Product
Bitwise Asset Management has taken a bold step forward by filing to list its Bitwise 10... -
$15 Trillion Market Cap For Bitcoin? Crypto Firm CEO Predicts Explosive Growth
Este artículo también está disponible en español. A prominent figure in the cryptocurrency space made a... -
Publicly Listed Chinese Firm SOS Commits $50 Million to Bitcoin Investment Amid Market Surge
SOS Ltd., a company involved in blockchain operations and cryptocurrency, has announced plans to allocate $50...