In the reorganization creditors would own 65% of CoinFLEX. Meanwhile, existing Ordinary Series A shareholders, including the CoinFLEX founders, would lose their equity stakes. Series B investors are to remain shareholders and can be incentivized with future equity over time in the event they bring value to the business.
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Crypto Futures Exchange CoinFLEX’s Creditors to Own 65% of Firm After Reorganization - CoinDesk
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