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Artificial intelligence (AI)-powered commercial real estate firm Janover, Inc. is announcing that it has raised approximately $42 million through an offering of convertible notes and warrants from multiple investors, including Pantera Capital, Kraken, and Arrington Capital.<\/p>\n
According to a new press release<\/a>, the notes were sold in a private offering under Section 4(a)(2) of the Securities Act of 1933 and Regulation D.<\/p>\n The convertible notes carry a 2.5% annual interest rate paid quarterly. They will mature on April 6, 2030.<\/p>\n The notes are convertible into common stock at any time before maturity if the company\u2019s market capitalization equals or exceeds $100 million on the day before conversion. The conversion price will be set on the first day Janover\u2019s market cap reaches $100 million, with a minimum price of $4.81. Investors received warrants with each $1,000 of notes purchased, allowing them to buy approximately 8.333 shares at $120 per share and 6.666 shares at $150 per share.<\/p>\n According to the press release, Janover plans to use the proceeds to acquire digital assets, beginning with investments in the Solana (SOL<\/a>) ecosystem.<\/p>\n Former executives of the US-based crypto exchange Kraken are now managing the commercial real estate firm.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>   Generated Image: Midjourney<\/em><\/span> Artificial intelligence (AI)-powered commercial real estate firm Janover, Inc. is announcing that it has raised approximately $42 million through an offering of convertible notes and warrants from multiple investors, including Pantera Capital, Kraken, and Arrington Capital. According to a new press release, the notes were sold in a private offering under Section 4(a)(2) of the […]<\/p>\n","protected":false},"author":2,"featured_media":387771,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-387770","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/387770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=387770"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/387770\/revisions"}],"predecessor-version":[{"id":387772,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/387770\/revisions\/387772"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/387771"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=387770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=387770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=387770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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