Web3 fundraising methods are becoming increasingly diverse……

👉 Hong Kong-listed company Xinte New Energy invested $24.73 million in Pharos at a $950 million valuation
👉 Pharos simultaneously subscribed to approximately HK$190 million of Xinte New Energy's private placement shares, becoming a strategic shareholder
I'm getting curious…
1️⃣ Xinte's private placement shares are being completed in five batches, tied to Pharos' subsequent token price performance—does this mean Pharos is bound to issue tokens?
2️⃣ Pharos previously raised only $8 million in total funding—where did they get HK$190 million to subscribe for shares?
3️⃣ Isn't the $950 million valuation a bit inflated?