WOO Community To Purchase Again All Tokens and Fairness Acquired by Three Arrows Capital
WOO Community, a cryptocurrency alternate, has reached an settlement to repurchase shares and tokens beforehand acquired by bankrupt hedge agency Three Arrows Capital (3AC).
WOO Community Will Purchase Again All Tokens And Shares Acquired By Three Arrows Capital
WOO Community, a cryptocurrency alternate, has reached an settlement to repurchase shares and tokens beforehand acquired by bankrupt hedge agency Three Arrows Capital (3AC).
The settlement, reached with Teneo liquidators in command of the 3AC property, permits WOO to repurchase roughly 20 million WOO tokens and extra shares purchased by 3AC throughout the alternate’s sequence A funding spherical.
WOO co-founder Jack Tan stated:
“We’re happy to clear the uncertainty associated to 3AC from the WOO ecosystem.[…]We’re trying ahead to executing our mission with out additional distractions from the 3AC fallout.”
WOO stated the tokens had been purchased again at a lovely low cost, and 3AC’s shares shall be canceled whereas different stakeholders’ equities shall be elevated in proportionate.
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