Makara Capital temporarily gave up investing in tZERO

According to The Block, Overstock Interim CEO Jonathan Johnson provided the latest developments on Makara Capital's investment in tZERO on a weekly investor conference call with shareholders. Johnson said that Makara has informed Overstock that "it will not invest in tZERO at the moment, but is still excited about the project being built by tZERO, and will reconsider investment decisions as tZERO progresses."
In March, Overstock announced a $101 million potential equity investment from Makara Capital and GSR Capital, which was scheduled to be completed in April, but Overstock re-issued in April that it was still negotiating investment details.