Haveli, a prominent player in the mortgage industry, has announced that they will be acquiring Blend Series A convertible preferred stock at an initial conversion price of $3.25 per share. This represents a significant 31% premium for Haveli, highlighting their strategic investment in the promising startup. This move reflects Haveli’s commitment to staying ahead of the curve and investing in innovative technologies that will enhance their services and offerings.

– Haveli to acquire Blend Series A convertible preferred stock
– Initial conversion price set at $3.25 per share, representing a 31% premium
– Demonstrates Haveli’s strategic investment in innovative technologies
– Highlights company’s commitment to staying ahead in the mortgage industry.

You can read this full article at: https://www.housingwire.com/articles/blend-receives-150m-infusion-from-haveli-investments/(subscription required)

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