Realbotix Receives Distribution from Genesis, Increasing its ETH Holdings
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Realbotix Corp. has received a distribution of 14.212 Ethereum and a cash payment of $108,896 from Genesis Global Capital as part of a restructuring process. This distribution represents 5% of Realbotix's ETH held at Genesis, with 29.2% still outstanding.
November 12, 2024 | 12:45 pm
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Realbotix Corp. received 14.212 ETH and $108,896 from Genesis Global Capital, representing 5% of its ETH holdings. This could improve Realbotix's liquidity and financial position.
The receipt of Ethereum and cash improves Realbotix's liquidity, which is positive for its financial health. The fact that 29.2% of ETH is still outstanding suggests potential future inflows.
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