Why is TERN funding more than its stake in DA?24 Nov 2019 14:17
Has one of the other investors dropped out of DA?
Or is this a little strange?
TERN invested $583.000 in DA it says below.
But as it only has 56.8% it should only have invested $440.200.
Why then have they had to invest an extra $143k???
and the same goes for the previous investment into DA in september, ditto above percentages?????
Tern has a 56.8% holding in DA, which specialises in IoT security. The investor group, which Tern leads, committed a further convertible secured loan to DA in November 2019 amounting to US$775,000, of which Tern contributed approximately US$583,000.