FTX didn't kill the last $35M!https://igamingbusiness.com/legal-compliance/legal/playup-laila-mintas-false-documents/
FTX reported limited entangled with PlayUp
Simic has repeatedly blamed the eventual collapse of FTX as heavily impacting the business. Sources contest this, claiming the financial entanglement between the two was limited. Only one transaction went through, a $35m senior convertible note made out to PlayUp in the wake of the failed bid.
https://stockhouse.com/news/press-releases/2024/03/13/adrabbit-limited-announces-proposed-reverse-takeover-transaction-with-playup
As consideration for the PlayUp Assets, and subject to customary adjustments, including a proposed 7.44 to one (1) share consolidation (the "Consolidation") of the issued and outstanding common shares of AdRabbit (the "Resulting Issuer Shares"), PlayUp will receive 100,000,000 common shares of AdRabbit (the "Common Shares") at an aggregate deemed issue price of $35,000,000, or $0.35 per Common Share.