Ana Paula Pereira / Cointelegraph:

Neobank Dave has reached an agreement to pay $71M to FTX liquidators to buy back a $100M convertible promissory note it issued to FTX Ventures in 2022  —  Fintech firm Dave will purchase a convertible promissory note worth $100 million at a discounted rate, paying $71 million to FTX liquidators.

Ana Paula Pereira / Cointelegraph:

Neobank Dave has reached an agreement to pay $71M to FTX liquidators to buy back a $100M convertible promissory note it issued to FTX Ventures in 2022  —  Fintech firm Dave will purchase a convertible promissory note worth $100 million at a discounted rate, paying $71 million to FTX liquidators.

Source: TechMeme
Source Link: http://www.techmeme.com/240106/p14#a240106p14