EddieJayonCrypto
9 Apr 25
Janover, Inc., an AI-powered commercial real estate firm, has raised approximately $42 million through a private offering of convertible notes and warrants. The offering included investments from Pantera Capital, Kraken, and Arrington Capital. The convertible notes carry a 2.5% annual interest rate ...
Janover, Inc. has raised $42 million through a private offering of convertible notes and warrants, with investments from Pantera Capital, Kraken, and Arrington Capital. The convertible notes carry a 2.5% annual interest rate and will mature on April 6, 2030. They can be converted into common stock if the company’s market capitalization reaches or exceeds $100 million. Investors also received warrants, allowing them to purchase shares at set prices.
The funds raised will be used to acquire digital assets, starting with investments in the Solana (SOL) ecosystem. Former Kraken executives now lead the firm. The notes were sold under Section 4(a)(2) of the Securities Act of 1933 and Regulation D, and the conversion price will be set on the first day Janover’s market cap reaches $100 million, with a minimum price of $4.81. Investors received warrants with each $1,000 of notes purchased, allowing them to buy approximately 8.333 shares at $120 per share and 6.666 shares at $150 per share.
Janover, Inc. is an AI-powered commercial real estate firm, and the investment aims to support its strategic expansion into digital assets, particularly within the Solana ecosystem.