Bank of America announced that it will repurchase $100 million convertible notes from FTX for $71 million
According to PRNewswire, Dave Inc., a US bank, announced that it has reached an agreement with FTX Ventures Ltd. to repurchase $71 million worth of convertible notes originally issued to FTX at a discounted price. The completion conditions for this transaction are approval from the bankruptcy court and no other transactions involving the convertible notes by FTX.
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