Reported about 1 month ago
In an escalating fundraising situation, Bolt's CEO Justin Grooms has hinted at potential legal action against Silverbear Capital over a $200 million investment agreement that Silverbear disputes. Grooms cited miscommunication as the cause of confusion regarding the deal, while Silverbear denies any organizational misunderstandings. The controversy follows Bolt's plans to raise significant equity and marketing credits, and highlights substantial disagreements about the nature of the investment discussions.
Source: YAHOO