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·3 years ago
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Tonal’s Valuation May Fall 90% in ‘Cram-Down’ Financing
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Tonal’s Valuation May Fall 90% in ‘Cram-Down’ Financing

Tonal, a fitness startup with a cadre of celebrity backers, is crunched for cash after failing to find a buyer. The company now may take a drastic step: raising money at a valuation nearly 90% lower t

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