tZERO announced a new round of financing, led by Marc and Max Cohodes

The security token trading platform tZERO announced a new round of financing, led by existing investors Marc and Max Cohodes, with participation from Intercontinental Exchange (ICE), investor Bill Fleckenstein, and partner Dinari.

Neighborhood Intelligence also committed to supporting this round of financing, with some funds to be provided when tZERO announces a binding strategic transaction agreement, such as a change of control, sale of a majority of assets, or merger with a SPAC or other entity. This financing is intended to support tZERO's ongoing advancement of its infrastructure and serve as a transition for the company towards independent operations.