The deal limits the cash payment to roughly $344,000 while creating about 7. 62 million potential Class A shares. The post Nasdaq-listed crypto treasury avoids cash drain by pushing millions in defaulted SPAC debt onto future equity appeared first on CryptoSlate .
Source: [CryptoSlate](https://cryptoslate.com/nasdaq-listed-crypto-treasury-avoids-cash-drain-by-pushing-millions-in-defaulted-spac-debt-onto-future-equity/)