SEC documents show that sports NFT company Candy Digital has raised $38,449,997 from 14 investors through an equity offering, accounting for approximately 56% of the total offering. The offering began on January 3.
It is reported that Candy Digital is an NFT startup under the sports merchandise giant Fanatics. Since the SEC filing documents failed to mention other information about the financing, it is unclear whether the financing amount represents all or part of the sale of Fanatics’ equity.
It is reported that in early January, CNBC reported that global digital sports platform Fanatics was selling its 60% stake in digital collectibles company Candy Digital to Galaxy Digital. The specific terms of the transaction have not been disclosed. Afterwards, Candy Digital announced the completion of its A1 round of financing, led by Galaxy and ConsenSys Mesh, with participation from 10T Holdings and ConsenSys. The specific financing terms have not been disclosed. (CoinDesk)
