掃描下載 Gate App
qrCode
更多下載方式
今天不再提醒

Berachain Series B投資條款爭議:Nova Digital特殊贖回權引發法律質疑

image

Source: CryptoNewsNet Original Title: Allegations of Shady Dealings in a Major Exchange-Listed Altcoin – Claims It Could Face Legal Trouble Original Link: Next-generation blockchain project Berachain (BERA) has granted an unusual “right of redemption” on its $25 million Series B investment to Nova Digital fund under Brevan Howard Digital, the company has revealed.

This right allows the fund to reclaim its investment within one year of Berachain's token generation event (TGE).

This situation raised legal questions because of allegations that other venture capital investors were not informed of the contract terms.

Berachain, which emerged as a bear-themed NFT project in 2021, became one of the most talked-about projects in the cryptocurrency world by 2024. The company has raised at least $142 million in venture capital to date, and its token valuation reached $1.5 billion in its latest funding round. The round was co-led by Framework Ventures and Brevan Howard's Nova Digital fund.

The involvement of traditional financial institutions like Brevan Howard gave Berachain significant credibility. An anonymous former employee quoted Papa Bear, one of Berachain's anonymous founders, as saying the fund's brand would “legitimize” the project.

According to the documents, the repayment clause allows Nova Digital to reclaim the $25 million it invested over a period of one year, starting with the TGE on February 6, 2025. This clause eliminates the risk to the fund's principal.

The BERA token price is currently approximately 66% below its investment price of $3. Therefore, exercising the redemption right makes financial sense. However, because token allocations are subject to a one-year lockup period, Nova will be forced to relinquish its token rights in the event of redemption demand.

Four cryptocurrency-focused attorneys noted that this requirement is highly unusual in the industry. Two noted that redemption rights are typically granted only if the project fails to launch the token. The most critical debate centers on whether the redemption rights are disclosed to other investors. If undisclosed, it could create problems with securities law and investor equity concerns.

BERA-0.65%
此頁面可能包含第三方內容,僅供參考(非陳述或保證),不應被視為 Gate 認可其觀點表述,也不得被視為財務或專業建議。詳見聲明
  • 讚賞
  • 留言
  • 轉發
  • 分享
留言
0/400
暫無留言
交易,隨時隨地
qrCode
掃碼下載 Gate App
社群列表
繁體中文
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)