According to Foresight News, Smokey The Bera, a member of Berachain, tweeted regarding the report “Documents show that Berachain granted special refund rights to Nova Digital Fund under Brevan Howard in Series B financing,” stating, “This report is neither accurate nor complete. Brevan Howard remains one of Berachain's largest investors. Their investment involves multiple complex business agreements, but like other investors, they participated in Series B financing under the same documents. Among them, Nova's compliance team requested to add a clause to guard against Berachain's failure to successfully conduct token issuance and go live, as the locked BERA purchased during the financing would not be able to be invested through Nova's liquidity strategy. For this reason, we signed the supplementary agreement mentioned in the article, committing that Nova will provide additional business support, including liquidity assurance after the network goes live.”
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