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Term Sheet Revealed, FTX Was Reported to Seek Up to $10 Billion in Emergency Funding

Cointime Official

According to Financial Times,  FTX sought to raise up to $10 billion in emergency funding, quasi- term sheet is sent to potential investors.

FTX offers investors two options  1) a conventional investment and 2) investment as part of something called the “all-together set” (AT) .

In conventional option,  the set-up proposed involved what FTX calls tranches. Tranches are divided by investment style (“equity vs convert etc”) and size (more or less than $2.5bn).  

In another option, FTX investors can enter through the all-together set (AT):

FTX
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