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FAQ: Republic Technologies' Proposed $100 Million Secured Convertible Note Facility
TL;DR
Republic Technologies Inc. secures up to $100 million in financing to strengthen its blockchain platform, offering investors potential growth through its ETH-backed validator operations.
The financing involves a 24-month, 0% interest convertible note with a 10% discount, collateralized by ETH and convertible to shares at CSE closing prices.
This funding supports Republic Technologies' blockchain attestation platform, enhancing data integrity for universal applications and contributing to a more secure digital economy.
Republic Technologies leverages a $100 million convertible note facility to acquire ETH for validator infrastructure, integrating Ethereum into the global economy.
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Republic Technologies Inc. has proposed entering a financing agreement with an institutional investor for a secured convertible note facility of up to US$100 million, with an initial tranche of US$10 million.
If completed, the facility is expected to support the Company's blockchain-based attestation platform and validator infrastructure, with net proceeds allocated toward acquiring ETH to bolster validator operations and for general working capital.
The structure includes a 24-month term, 0% interest, a 10% original issue discount, ETH-backed collateral, and conversion into common shares at the CSE closing price prior to conversion, subject to CSE policies.
Republic Technologies is a publicly traded technology company integrating Ethereum infrastructure into the global economy, operating proprietary validator and attestation networks to safeguard data integrity for universal applications.
The company trades as CSE: DOCT, FSE: 7FM0, WKN: A41AYF, and OTCQB: DOCKF.
More information about the company can be found at https://republictech.io/.
CryptoCurrencyWire (CCW) is a specialized communications platform with a focus on blockchain and cryptocurrency that disseminated this article, which may include paid advertising on behalf of Republic Technologies.
The full press release can be viewed at https://ccw.fm/U4581.
Curated from InvestorBrandNetwork (IBN)
