Bolt Threatens Silverbear Capital with Legal Action Over $200M Investment in $450M Round

Bolt, a one-click checkout technology company, is embroiled in a legal dispute amid its $450 million fundraising efforts. The company has threatened legal action against Silverbear Capital, the lead investor, which it claims is obligated to invest $200 million. Silverbear Capital has denied being an investor, leading to tensions. Bolt reported a loss of $310 million against a revenue of $27 million in 2023. The situation has raised concerns about the company's financial management and the viability of the funding round.