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0 0 0.00829610721123151 0.00723250372261213 -0.0214847904701128 -0.0156349712827059 -0.0642352690916826 -0.0638162093171666
Stock impact report

Multibillion Dollar Fund to Invest $52.7 million into Longfin Corp.

LONGFIN CORP A (LFIN) 
US:NASDAQ Investor Relations: nasdaq.com/symbol/lfin/historical
Company Research Source: GlobeNewswire
New York, Jan. 23, 2018 (GLOBE NEWSWIRE) -- Longfin Corp. (“Longfin” or the “Company”) (NASDAQ: LFIN) a leading global FinTech company, has announced that the Company has entered into a securities purchase agreement with a multibillion dollar fund. The institutional investor is investing $52,700,000 through convertible note instruments (the “Notes”).  A press release regarding the transaction was previously issued prior to finalization of the documentation earlier today, and the Company is confirming the transaction is proceeding on the terms indicated below.   Joseph Gunnar & Co., LLC is acting as placement agent. Key Transaction Details The Notes consist of (i) Series A Senior Convertible Notes in the aggregate principal amount of $10,095,941.18 and (ii) Series B Senior Secured Convertible Notes in the aggregate principal amount of $42,604,058.82. The nature of the investment will involve (i) an upfront cash payment in the amount of $5,000,000, and (ii) secured promiss Show less Read more
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