WazirX Announcements ✔

FAQ: Is the USD30m Cost Reserves an expansion of the initial USD12m fund?

A: The USD30m cost fund (“Cost Reserves”) is an extension of the initial USD12m (“Restructuring Cost Fund”) set aside to fund the restructuring process until a Scheme is effective.

The Cost Reserves were not generated by taking an additional USD18m from the assets of the restructuring. Instead, through strategic treasury management, the team was able to realize an additional USD18m of value from the same set of tokens initially set aside to fund the Restructuring Cost Fund (which were worth USD12m in August / September 2024).

In this way, no further tokens have been reserved from the assets of the restructuring, and the Company has at the same time secured the Cost Reserves capable of funding a successful restructuring.

For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/sffaqs

www.tgoop.com/wazirx/3473

53.4K viewsDec 10 at 13:30

FAQ: Is the USD30m Cost Reserves an expansion of the initial USD12m fund?

A: The USD30m cost fund (“Cost Reserves”) is an extension of the initial USD12m (“Restructuring Cost Fund”) set aside to fund the restructuring process until a Scheme is effective.

The Cost Reserves were not generated by taking an additional USD18m from the assets of the restructuring. Instead, through strategic treasury management, the team was able to realize an additional USD18m of value from the same set of tokens initially set aside to fund the Restructuring Cost Fund (which were worth USD12m in August / September 2024).

In this way, no further tokens have been reserved from the assets of the restructuring, and the Company has at the same time secured the Cost Reserves capable of funding a successful restructuring.

For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/sffaqs

BY WazirX Announcements