Derived from Blockbeats, Li Lin, former founder of Huobi, is launching a $10 billion Ethereum digital asset token (DAT) company. The firm is initiating a private placement (PIPE) to raise $10 billion, with a pricing of approximately 0.88 times net asset value (mNAV) and 1:1 attached warrants exercisable at a 50% premium to the issue price. Li Lin will collaborate with early Ethereum supporters in Asia, including Shen Bo, co-founder of Distributed Capital, Xiao Feng, chairman and CEO of HashKey Group, and Cai Wensheng, founder of Meitu.
Former Huobi Founder Li Lin Launches $10B Ethereum DAT Firm
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