Win/WinThis is a good deal for both ThomVest and Prometic. Prometic managed to put another $25M in advancing the pipeline without near term dilution and Thomvest gets a good ROI. Win/Win!
At the end of the day ThomVest has not invested $85M in Prometic blindfolded and obviously know that this will turn out to be a great investment for them in the next 3 to 5 years. Billionaires are not in the habit of putting up that kind of money for the h_ll of it.
Cheers
Jack