By Andrew Kersley
Business information brand Forbes has received a $200m strategic investment from cryptocurrency giant Binance.
Forbes previously announced plans to pursue a business combination that would allow the company to become publicly traded on the New York Stock Exchange under the symbol “FRBS”.
The $200m will allow Binance to assume $200m worth of commitments in a previously announced $400 million private investment in public equity (“PIPE”) that forms part of its NYSE-listing aims.
Source: Forbes
Deal value: $200m
Country: US
Status: Official
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.