Down Round Closes

Binance.US most likely completes the raise near the reported $1 billion valuation because the SEC dismissal removes a major overhang and the company still has recognizable brand value. The financing stabilizes operations but confirms that the U.S. franchise is far smaller and less valuable than investors believed in 2022.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.