8 days ago
Artificial intelligence (AI)-powered commercial real estate firm Janover, Inc. is announcing that it has raised approximately $42 million through an offering of convertible notes and warrants from multiple investors, including Pantera Capital, Kraken, and Arrington Capital. According to a new press release , the notes were sold in a private offering under Section 4(a)(2) of the Securities Act of 1933 and Regulation D. The convertible notes carry a 2.5% annual interest rate paid quarterly. They will mature on April 6, 2030. The notes are convertible into common stock at any time before maturity if the company’s market capitalization equals or exceeds $100 million on the day before conversion. The conversion price will be set on the first day Janover’s market cap reaches $100 million, with a minimum price of $4.81. Investors received warrants with each $1,000 of notes purchased, allowing them to buy approximately 8.333 shares at $120 per share and 6.666 shares at $150 per share. According to the press release, Janover plans to use the proceeds to acquire digital assets, beginning with investments in the Solana ( SOL ) ecosystem. Former executives of the US-based crypto exchange Kraken are now managing the commercial real estate firm. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney Featured Image: Shutterstock/Satheesh Sankaran The post Ex-Kraken Execs Acquire Real Estate Firm, Begin Accumulating Crypto Assets for Treasury Starting With Solana appeared first on The Daily Hodl .
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Altcoins crypto assets investment News SOL Solana
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