The Sandbox has successfully raised $20 million in convertible debt financing with a market capitalization of $1 billion. This funding was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. Bondholders can convert it into shares of Bacasable Global Limited on the same terms as existing preferred shares.
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The Sandbox has successfully raised $20 million in convertible debt financing with a market capitalization of $1 billion. This funding was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. Bondholders can convert it into shares of Bacasable Global Limited on the same terms as existing preferred shares.