Crypto exchange WOO has announced plans to buy back its own shares and tokens previously acquired by failed hedge fund Three Arrows Capital as part of WOO's Series A funding round. The repurchased tokens will be sent to a burn address, and WOO plans to increase the ownership of all other shareholders proportionally. The company declined to disclose the total value of the repurchased shares and tokens. Three Arrows Capital was WOO's largest investor in its Series A round, purchasing equity along with 25 million WOO tokens.
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Crypto Exchange WOO to Repurchase Shares and Tokens From Failed Hedge Fund Three Arrows Capital
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