Bloomberg: Ripple's recent $500 million financing includes "investor profit protection" clauses

Ripple recently set terms in a $500 million stock sale with a valuation of $40 billion that allow investors to sell shares back at a higher price, effectively providing a profit protection mechanism for investors including Citadel.

Digital asset and infrastructure company Ripple announced in early November that it has completed a $500 million financing round, raising its valuation to $40 billion. This round was led by funds managed by the following institutions: Fortress Investment Group affiliated funds, Citadel Securities affiliated funds, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace.