MegaETH repurchases 4.75% equity and token warrants from early investors
Foresight News reported that MegaETH has announced the repurchase of 4.75% of its equity and token warrants from Pre-Seed round investors. The terms of the transaction, including the total size, financing details, and valuation, have not been disclosed. The valuation for this repurchase is higher than that of the seed round, during which MegaETH raised $20 million at a "nine-figure" token valuation (at least $100 million).
When asked why some investors exited before the token launch, the founder of MegaETH stated: "Some of our investors have closed their funds and are trying to liquidate all positions. Since there is no secondary market, the MegaETH team is the only available buyer."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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