Sep 27, 11:25 AM

Bolt's $450M Funding Stalled by Delaware Court

Bolt's $450 million funding round has been stalled in court. Investors, including BlackRock, have managed to halt the round after a Delaware court extended a restraining order. The court described the deal's terms as a 'prisoner's dilemma,' leading to discovery and depositions next. Bolt founder Ryan Breslow's plan faces significant challenges.

#Bolt #BlackRock #Delaware #Ryan Breslow

Written with ChatGPT (GPT-4o).

Sources

Giovanni Staunovo🛢@staunovo
1 year ago
A High-Profile Clean-Energy Startup Is Running Short on Cash Monolith is struggling to meet production targets needed for $1 billion government loan. https://t.co/IFhIMwYhRD
Amrith Ramkumar@AmrithRamkumar
1 year ago
A clean-energy startup with big backers and a $1 billion government loan deal is running short on cash and facing project delays, potentially jeopardizing its long-promised expansion. Scoop on challenges facing Monolith w/ @pattersonscott: https://t.co/m1ilkNNhSM
The Wall Street Journal@WSJ
1 year ago
Monolith got big backing from top investors and a deal for a $1 billion government loan. Now it is struggling to grow production. https://t.co/9hfltoMO3K https://t.co/9hfltoMO3K

Bolt's $450M Funding Stalled by Delaware Court

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