Longevity pharma and RAIN treasury Enlivex secures $21 million debt financing
Enlivex, a Nasdaq-listed longevity company doubling as a RAIN digital asset treasury, said Tuesday it has secured $21 million in debt financing.
The company struck the financing deal with New York-based The Lind Partners, an institutional fund manager, according to a statement.
"We are continuing to execute our prediction markets treasury strategy, and we are pleased that Lind provided us with substantial capital, allowing us to continue the execution of our operating plan, as well as to acquire approximately three billion additional RAIN tokens," Enlivex Executive Chairman Shai Novik said.
In November, Enlivex said it planned to raise $212 million through a private investment in public equity (PIPE) to launch a RAIN token digital asset treasury. The company said it would become the first DAT built around a prediction-markets token.
Rain is self-described as "a fully decentralized prediction markets protocol" on the Arbitrum network. It provides users with the ability to create markets and trade custom options on any event in any language using AI-resolved outcomes and a buyback-and-burn mechanism tied to the RAIN token.
Enlivex's shares, ticker symbol ENLV, were down about 5%, at $1.05 per share, in early trading on Tuesday, according to Yahoo Finance.
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