Janover soars after former Kraken executives buy majority stake
ReutersApr 7, 2025 1:16 PM
Commercial property financing platform Janover's JNVR.O shares more than double to $9.59 in premarket trading
Says a group of former executives of cryptocurrency exchange Kraken have acquired majority ownership in JNVR
Joseph Onorati, formerly chief strategy officer at Kraken Digital Asset Exchange, will be Janover's new CEO
JNVR's new leadership is also planning to buy cryptocurrency solana and hold it as a treasury reserve asset
JNVR also raised about $42 million through convertible bonds and warrants from investors including cryptocurrency fund Pantera Capital and Kraken, among others
Proceeds from offering will be used to acquire digital assets including solana
As of last close, JNVR stock down 17.6% YTD
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