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):