The Sandbox has successfully raised a $20 million convertible debt financing with a market capitalization of $1 billion. The financing 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 under the same terms as existing preferred shares.
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The Sandbox has successfully raised a $20 million convertible debt financing with a market capitalization of $1 billion. The financing 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 under the same terms as existing preferred shares.