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.

#Crypto

#Effective Altruism

#FTX Insolvency Crisis

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predicts YES

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/

FTX Plans to Restart Crypto Exchange for International Customers

Proposed re-organization plan provides a pathway for a specific class of debtors to pool assets to create a new, offshore exchange.

free money detected

predicts YES

I assume I will count the forthcoming as a "down-round"

@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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