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Just to get the terminology right: A tender is not a "round" - as in "a round (or series) of financing".
by spikels 9y ago
Just to get the terminology right: A tender is not a "round" - as in "a round (or series) of financing".
- JumpCrisscross 9y ago> A tender is not a "round" "Round" is a colloquialism. It just means a financing. (Private equity "rounds", for instance, regularly contain dividend recap and other non-company benefiting components.) This financing was structured specifically to make its nature ambiguous. Debating what to call it is, by design, tedious.