Theranos Authorizes New Shares That Could Raise Valuation

wsj.com

4 pointsw1ntermute1 comment

Separately, Theranos has raised nearly twice as much capital from investors as previously widely reported. As of April, Theranos had raised $752 million, according to other regulatory filings.

Theranos founder and Chief Executive Elizabeth Holmes declined to comment on the higher figure when asked about it at last week’s WSJ.D Live conference, reiterating the company’s prior statements that it has raised “over $400 million.”

That's weird. Why would they low-ball the amount of money they raised?

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