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180 Life Sciences announced the completion of approximately $156 million in a private sale to purchase ETH.
[180 Life Sciences announces completion of approximately $156 million private sale to purchase ETH] 180 Life Sciences Corp. (NASDAQ: ATNF) announced that on August 8, it sold a total principal amount of approximately $156 million of 2028 maturity senior secured Convertible Bonds ("Convertible Bonds") to an institutional investor through a private sale. The company plans to use the net proceeds from the issuance of Convertible Bonds to purchase more ETH. This issuance further expands the company's recently announced ETH fund management strategy. The company plans to regularly update investors on its ETH holdings in the short term to ensure maximum transparency.