Will FTX raise a down round before the end of 2026?
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"A down round refers to a private company offering additional shares for sale at a lower price than had been sold for in the previous financing round."
Previous round was $32 billion iirc.
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Aren't they attempting a relaunch? Maybe they raise money for that
https://www.coindesk.com/business/2023/08/01/ftx-plans-to-restart-crypto-exchange-for-international-customers/
@GeorgeVii Assuming the deal goes through ofc. If they just go bankrupt with no sale of shares this will resolve no
@GeorgeVii A company acquisition transfers ownership of existing shares rather than issuing more shares.
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