WOO Network Buys Back Shares and Tokens From Bankrupt Three Arrows Capital
The 20 million WOO tokens repurchased from 3AC have been sent to a burn address.
Taiwan-based liquidity provider WOO Network has agreed to a deal with Teneo, the liquidator of bankrupt hedge fund Three Arrows Capital (3AC), to repurchase shares and tokens it sold in 2021.
According to a press release, WOO agreed to cancel shares purchased by 3AC in 2021's Series A fundraise and repurchase 20 million WOO tokens, worth around $3.4 million at current prices. The tokens have been sent to a burn address or crypto wallet that cannot be accessed by anyone.
WOO raised $30 million in its Series A, although the amount of investment from Three Arrows Capital was undisclosed.
The 20 million WOO tokens repurchased from 3AC have been sent to a burn address.
Taiwan-based liquidity provider WOO Network has agreed to a deal with Teneo, the liquidator of bankrupt hedge fund Three Arrows Capital (3AC), to repurchase shares and tokens it sold in 2021.
According to a press release, WOO agreed to cancel shares purchased by 3AC in 2021's Series A fundraise and repurchase 20 million WOO tokens, worth around $3.4 million at current prices. The tokens have been sent to a burn address or crypto wallet that cannot be accessed by anyone.
WOO raised $30 million in its Series A, although the amount of investment from Three Arrows Capital was undisclosed.
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