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Home»ALTCOIN NEWS»EX-KRAKEN EXECS acquires a real estate company and begins to accumulate cryptographic assets for the Treasury, which starts with Solana.
ALTCOIN NEWS

EX-KRAKEN EXECS acquires a real estate company and begins to accumulate cryptographic assets for the Treasury, which starts with Solana.

By Crypto FlexsApril 9, 20252 Mins Read
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EX-KRAKEN EXECS acquires a real estate company and begins to accumulate cryptographic assets for the Treasury, which starts with Solana.
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Artificial Intelligence (AI) -The reinforced commercial real estate companies, Janover and Inc. have announced that they have raised about $ 42 million through the conversion notes and warrants of several investors, including Petera Capital, Kraken and Arrington Capital.

According to the new press release, the memo was sold in 1933 as a personal proposal in accordance with the Securities Act 4 (A) (2) section and regulations D.

Convertible notes have an annual interest rate of 2.5%paid quarterly. They will mature on April 6, 2030.

The memo can be converted to common stocks at any time before maturity if the company’s market cap exceeds $ 100 million a day before the conversion. The conversion price is $ 100 million in Janover’s market cap and the minimum price is $ 4.81. Investors have received a warrant with each of the $ 1,000 notes, and you can purchase about 8.333 shares for $ 120 per share and 6.666 shares of $ 150 per share.

According to the press release, JANOVER plans to start with an investment in Solana (SOL) ecosystem and use the proceeds to acquire digital assets.

Former executives of the US -based Crypto Exchange Krake are currently managing commercial real estate companies.

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Created image: Midjourney
Main image: ShutterStock/Satheesh Sankaran

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