ChainCatcher message, Nasdaq-listed biotechnology company 180 Life Sciences Corp. (ETHZilla) announces the completion of a $425 million private placement financing and the official launch of the ETH treasury strategy, led by Electric Capital and Harbour Island, with participation from Borderless Capital, Polychain Capital, GSR, Omicron Technologies, Konstantin Lomashuk (co-founder of Lido and p2p.org), Sreeram Kannan (founder of Eigenlayer), Mike Silagadze (founder of Ether.fi), among others.
The company stated that it will use the funds to purchase ETH, pay transaction fees, provide certain cash bonuses to some members of the management team and board, and support the company's existing iGaming business, among other purposes.
180 Life Sciences is an innovative biotechnology company dedicated to expanding its business into software-driven gaming and entertainment sectors. In addition to its existing biotechnology assets, 180 Life Sciences will continue to maintain and accelerate the deployment and development of its gaming projects.
