The Sandbox completes $20 million financing with convertible debt, led by Animoca Brands and others
2024-06-06 13:39:25
On June 6, The Sandbox has raised $20 million in convertible debt, with a market capitalization of $1 billion. The financing was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. The holders of the notes can convert it into an equity stake in Bacasable Global Limited on the same terms as the existing preference share.
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