From the TC article [1], which is a bit more detailed: > Though Conrad might have tried backing out of the arrangement, instead, says Mehta, Conrad called him

From the TC article [1], which is a bit more detailed: > Though Conrad might have tried backing out of the arrangement, instead, says Mehta, Conrad called him three minutes after the Federal Reserve made its statement on Sunday, reaffirming it. So he didn't end up needing the funding but knew it was the right thing to do to move forward with the investment (and the dilution it undoubtedly entailed). Good to see this sort of honorable behavior, even in the worst of times. 1: https://techcrunch.com/2023/03/17/a-500-million-term-sheet-in-12-hours-how-rippling-struck-a-deal-as-svb-was-melting-down/ https://techcrunch.com/2023/03/17/a-500-million-term-sheet-i...