Longevity pharma and RAIN treasury Enlivex secures $21 million debt financing
Enlivex, a Nasdaq-listed longevity company doubling as a RAIN digital asset treasury, said Tuesday it has secured $21 million in debt financing.
The company struck the financing deal with New York-based The Lind Partners, an institutional fund manager, according to a statement.
"We are continuing to execute our prediction markets treasury strategy, and we are pleased that Lind provided us with substantial capital, allowing us to continue the execution of our operating plan, as well as to acquire approximately three billion additional RAIN tokens," Enlivex Executive Chairman Shai Novik said.
In November, Enlivex said it planned to raise $212 million through a private investment in public equity (PIPE) to launch a RAIN token digital asset treasury. The company said it would become the first DAT built around a prediction-markets token.
Rain is self-described as "a fully decentralized prediction markets protocol" on the Arbitrum network. It provides users with the ability to create markets and trade custom options on any event in any language using AI-resolved outcomes and a buyback-and-burn mechanism tied to the RAIN token.
Enlivex's shares, ticker symbol ENLV, were down about 5%, at $1.05 per share, in early trading on Tuesday, according to Yahoo Finance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Samsung Electronics Q3 Revenue and Operating Profit Hit Record Highs, but Net Profit Still Below Expectations
Samsung Electronics reported a net profit of 75.21 trillion KRW for the third quarter, compared to an estimated 89.06 trillion KRW. The operating profit for the third quarter was 107.44 trillion KRW. Third-quarter sales reached 195.25 trillion KRW. Chip sales for the third quarter amounted to 147.1 trillion KRW. Samsung plans to announce its shareholder return plan at the end of January, with plans to distribute a 30 trillion KRW cash dividend for the third quarter.
$17 Billion Acquisition Countdown: DoorDash (DASH.US) Plans to Acquire Instacart to Enter the Home Shopping Battlefield, Official Announcement as Early as Thursday
DoorDash's core intention in acquiring Instacart is to extend the user access and delivery network established through food delivery to the larger-scale household supermarket shopping scenario. The deal originated from Instacart exploring a sale and contacting potential buyers such as Uber and DoorDash. By October 26, multiple media outlets reported both parties had entered deep negotiations, with the potential transaction valued at approximately $17 billion.
Federal Reserve Holds Rates Steady, Oracle (ORCL.US) Surges 11% to Ignite Tech Stock Rally
The Federal Reserve maintained its interest rates at 3.75%~4.00%. Combined with Oracle’s strong growth guidance and SK Hynix’s record profits, the S&P 500 index rose for the third consecutive day, and the Nasdaq closed up 0.27%. Market focus is shifting to earnings reports from major tech companies.
99.3% shareholder vote: MicroStrategy (MSTR.US) preferred stock to start daily dividends
MicroStrategy has passed the bylaws amendment with a 99.3% approval rate, establishing a daily cumulative dividend mechanism for four preferred stocks including STRF. This move, together with a $204.9 million buyback plan, aims to address the risk of removal from the MSCI index and stabilize stock price volatility.
Crypto prices
More
