Pre-IPO Fuze result -100%

Unfortunately, Fuze faced a negative scenario of acquisition. We offered to invest in the platform for searching remote work Fuze in September 2020. The purchase price was $2.31 per share at a valuation of $660 million.

Earlier this year, the 8x8 company acquired Fuze.

The terms of the transaction turned out to be unfavorable for the holders of ordinary shares – payments amounted to $0.01 per share (estimated at $250 million during the M&A transaction in June 2022).

In case of unfavorable acquisition during M&A transactions, the amount of payments to shareholders is different. Payments depend on the type of shares and the stage, when they have been issued. First, the buyer company makes payments in full to holders of preferred shares in the early and later stages, then the remaining funds are distributed among holders of ordinary shares.

Thus, the investment, excluding commissions, ended with a -100% result.