Elate Holdings Propels Web3 Development with Crucial $2.55M Convertible Bonds
Main Idea
Elate Holdings has announced a $2.55 million investment in Web3 technologies through convertible bonds, signaling its commitment to digital innovation and blockchain-based solutions.
Key Points
1. Elate Holdings signed a subscription agreement to issue HKD 19.95 million ($2.55 million) in zero-coupon, six-year convertible bonds to fund Web3 development.
2. The bonds can be converted at HKD 0.25 per share, potentially adding up to 79.8 million new shares.
3. Web3 technologies include decentralized finance (DeFi), non-fungible tokens (NFTs), metaverse experiences, and decentralized autonomous organizations (DAOs).
4. Convertible bonds are chosen as a strategic funding tool, combining debt and equity features to support high-growth, emerging sectors like Web3.
5. Elate Holdings aims to bridge traditional finance (TradFi) with Web3, navigating regulatory challenges while fostering innovation.
Description
BitcoinWorld Elate Holdings Propels Web3 Development with Crucial $2.55M Convertible Bonds In the rapidly evolving landscape of technology and finance, a significant announcement from Elate Holdings (HK076) is turning heads. The investment holding company recently unveiled a strategic move to bolster its Web3 initiatives, signaling a robust commitment to the next generation of the internet. This isn’t just another funding round; it’s a clear indicator of how established entities are eyeing the i...
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