Bolt Financial Inc. is trying to buy support for a financing round that would return founder Ryan Breslow as CEO and shield him from liability for earlier misconduct, according to
The asset managers, which previously won a temporary restraining order halting the transaction, asked a Delaware judge late Tuesday to reject Bolt’s side deal with a preferred investor, Activant Capital Group LLC. Bolt’s agreement to scuttle a separate legal settlement with Activant, buy back its shares before they’re affected by the financing, and pay it another $5 million “smacks of improper vote buying,” ...
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