# Michael Lerch and Japan's Death-Spiral Financing

Michael Lerch's fund Evo buys floating-strike equity warrants in Japan. These instruments cause equity dilution and price declines, known as 'death spiral' financing. The model is used by small-cap Japanese firms facing cash flow issues.

https://m.techflowpost.com/en-US/article/31245

#bitcoin #japan #financing #equity #warrants

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Canonical URL: https://qwibbit.com/q34568

Created: 2026-10-30T02:30:53.830951+00:00

Last edited: 2026-10-30T02:30:53.830951+00:00

Board: 3

Origin: Syndicated

Original source: https://m.techflowpost.com/en-US/article/31245