Comment by bluelightning2k

Your linked post shows they raised 12.5 million?

But it's also possible they haven't spent much of that money.

The investors don't need to be happy. They just need to be made whole (assuming they have a minority control).

It could literally be that only $2m ever got spent and that's been paid back.

It could also be that when literally nobody said they would pay for Vite+ the investors and team in general lost confidence and were actually very happy just to get their money back and pivot into this acquisition.