Sports-focused non-fungible token (NFT) company Candy Digital announced a Series A extension funding round earlier this month but didn’t specify the monetary amount. The news followed media reports that sports merchandiser Fanatics was selling its 60% stake in Candy Digital but, again, the amount wasn’t included. A new filing with the U.S. Securities and Exchange Commission (SEC) on Wednesday finally provided some financial figures.
According to the filing, Candy Digital had raised $38,449,997 from 14 investors in an equity offering, more than half of the $68,188,480 overall that the company is seeking to raise in the sale. The offering opened on Jan. 3 – the day before CNBC reported that Fanatics was selling its stake to a group led by well-known financier Michael Novogratz's Galaxy Digital.
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