Neom signed a term sheet under which it will invest $25m in convertible notes and buy a similar amount of Animoca shares on the secondary market, the startup says in a statement.
- The convertible notes financing depends on a number of conditions, co. says without elaborating
- Neom and Animoca also sign an MOU to explore collaboration on Web3 technology initiatives
- Note: Neom is a new city the Saudi government is
building in the desert that is expected to cost over $500 billion, part of a plan to diversify the country’s oil-dependent economy - Note: Animoca Brands grew from a mobile gaming ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.