Morningstar Ventures: Not the lead investor in Space; the project has committed to returning at least 50% of its public offering funds.

Morningstar Ventures, in a recent X-sharing post about its investment in the prediction market project Space, stated that the Space team must prioritize the interests of the community and public sale participants. In the recent X Space event, the team publicly committed to opening refunds on January 27th through an application page, stating that at least 50% of the funds raised would be refunded, with all public sale participants eligible to apply for partial refunds. Morningstar Ventures demanded that this process be conducted transparently and without delay, requiring the team to disclose information such as fund usage, current balance, and future roadmap. Morningstar Ventures reiterated that it was not the lead investor in Space, did not participate in the structure, decisions, or modifications of the public sale, and only acted as a small investor, communicating with senior management based on publicly available information. Currently, Morningstar Ventures is in discussions with the Space team and other investors, urging the team to refund as much as possible based on available funds and the publicly committed promises. Furthermore, the Space team promised to release the first public version of the product next week for community and investor review. Previously, it was reported that the prediction market project Space's public offering sparked controversy, with the team reserving tens of millions of dollars in oversubscribed funds under the pretext of a "soft cap," despite the original fundraising target of $2.5 million.