Tag: Repays
IEC Repays $113M Debt Following DigiPlus Investment
International Entertainment Corp (IEC) has repaid a total of US$113 million in debt after issuing the first tranche of Subscription Notes to DigiPlus Interactive Corp. The company confirmed it redeemed HK$489 million (US$63 million) in promissory notes and settled a further HK$392 million (US$50 million) in outstanding bank loans. The repayments were funded through the
FTX Repays $5 Billion in Second Round as Market Eyes Altcoin Season
Bankrupt crypto exchange FTX has kicked off its second round of repayments to creditors, disbursing over $5 billion to individuals and entities with approved claims. This follows the firm’s initial payout of $1.9 billion and marks a major step in the collapsed exchange’s bankruptcy proceedings. Will FTX Payout Spark a Potential Market Rally? In a
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Mark Zuckerberg Thinks the Future Won’t Have Fewer Jobs. It Will Have More Companies With Fewer People
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Announces
SBA Announces Finalists for $1 Million Patriot Pitch Competition
The U.S. Small Business Administration (SBA) has unveiled the five finalists for its Freedom 250 Patriot Pitch Competition, a showcase emphasizing innovation and entrepreneurship in American small businesses. Scheduled for September 18 in Washington, D.C., these finalists will compete before a panel of celebrity judges for a share of a $1 million cash prize pool
career
I Started My Career With a Borrowed Ladder. Here’s How That Shaped the Way I Evaluate My Business Partners.
Opinions expressed by Entrepreneur contributors are their own. Key Takeaways I couldn’t afford my own equipment when I decided to become a roofer, so I borrowed a ladder from my dad. The way he treated me when I was looking for my first shot in business shaped how I vet partners and dealers. It taught
Bankrupt
Formerly bankrupt retailer overhauls 48-year-old offering
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Money
NYT: Trump-Backed WLFI Took $100M From a Money Laundering Suspect
World Liberty Financial’s largest disclosed token purchase traces back to a Chinese businessman under active UK investigation for money laundering, the New York Times reported, with up to $75 million flowing to Trump family and Witkoff-linked entities. Key Takeaways Aqua1 Foundation bought $100 million in WLFI tokens on June 26, per the New York Times.