Berachain has been revealed to have granted Nova Digital, a subsidiary of Brevan Howard, a $25 million refund option during its 2024 Series B funding round. This option allows Nova Digital to request a full refund of its investment within one year following the Token Generation Event (TGE) on February 6, 2025. To exercise this right, Nova Digital must deposit $5 million with Berachain within 30 days after the TGE, according to the additional terms disclosed.
Berachain Granted $25M Refund Option to Nova Digital in Series B
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