As many of you may have noticed, the Nexus kernel hasn't received updates lately due to my lack of time.
Recently, I started a full-time job during my school holidays. After the holidays ended, I had to juggle both work and studies, leaving me with very little time to dedicate to Nexus.
Currently, my mother has undergone spinal surgery and is unable to perform daily tasks, so I need to take care of her.
Thus, I regret to inform you that, unfortunately, support for Nexus SM8250 has come to an end, and it’s final. Working on this project has been an incredible experience, as I’ve learned a lot about programming and the ever-important logic behind it.
I’ve made many friends and met extraordinary people along the way, whom I will never forget.
As many of you may have noticed, the Nexus kernel hasn't received updates lately due to my lack of time.
Recently, I started a full-time job during my school holidays. After the holidays ended, I had to juggle both work and studies, leaving me with very little time to dedicate to Nexus.
Currently, my mother has undergone spinal surgery and is unable to perform daily tasks, so I need to take care of her.
Thus, I regret to inform you that, unfortunately, support for Nexus SM8250 has come to an end, and it’s final. Working on this project has been an incredible experience, as I’ve learned a lot about programming and the ever-important logic behind it.
I’ve made many friends and met extraordinary people along the way, whom I will never forget.
Telegram hopes to raise $1bn with a convertible bond private placement
The super secure UAE-based Telegram messenger service, developed by Russian-born software icon Pavel Durov, is looking to raise $1bn through a bond placement to a limited number of investors from Russia, Europe, Asia and the Middle East, the Kommersant daily reported citing unnamed sources on February 18, 2021.The issue reportedly comprises exchange bonds that could be converted into equity in the messaging service that is currently 100% owned by Durov and his brother Nikolai.Kommersant reports that the price of the conversion would be at a 10% discount to a potential IPO should it happen within five years.The minimum bond placement is said to be set at $50mn, but could be lowered to $10mn. Five-year bonds could carry an annual coupon of 7-8%.
The messaging service and social-media platform owes creditors roughly $700 million by the end of April, according to people briefed on the company’s plans and loan documents viewed by The Wall Street Journal. At the same time, Telegram Group Inc. must cover rising equipment and bandwidth expenses because of its rapid growth, despite going years without attempting to generate revenue.
