J
anover, Inc., a commercial real estate firm leveraging artificial intelligence, has secured $42 million in funding from prominent investors such as Pantera Capital, Kraken, and Arrington Capital. This influx of capital was raised through the issuance of convertible notes and warrants, sold in a private offering under Section 4(a)(2) of the Securities Act of 1933.

    The terms of the deal stipulate that the convertible notes carry a 2.5% annual interest rate, paid quarterly, with a maturity date set for April 6, 2030. Notably, these notes can be converted into common stock if Janover's market capitalization reaches $100 million, at which point the conversion price will be determined.

    In conjunction with the note issuance, investors received warrants that grant them the option to purchase shares at predetermined prices. Specifically, for every $1,000 of notes purchased, investors were granted warrants to buy approximately 8.333 shares at $120 per share and 6.666 shares at $150 per share.

    Janover intends to utilize this funding to acquire digital assets, with a focus on investments within the Solana ecosystem. This strategic move underscores the firm's commitment to expanding its presence in the cryptocurrency space.