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Bolt Probed by SEC, Investors Over Statements Made During Fundraising biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Sources: the US SEC subpoenaed Bolt and sent a notice to former CEO Ryan Breslow last year over past misleading statements to current and potential investors biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
The SEC is reportedly investigating whether federal securities laws were violated in connection with statements made when Bolt was raising money in 2021. ....
Ryan Breslow, co-founder of the e-commerce software outfit Bolt, was subpoenaed along with the company last year by the U.S Securities and Exchange Commission. A letter authored in April by a lawyer representing Bolt investors said the SEC was investigating whether federal securities laws were violated in connection with statements made when Bolt was raising money in 2021. The letter was sent to Bolt’s general counsel as part of a demand to inspect the company's records on behalf of two Bolt investors, Brian Reinken of WestCap Management and Arjun Sethi of Tribe Capital Management, who were Series C and B investors, respectively. ....