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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.
Bolt reportedly threatens legal action against Silverbear Capital: https://t.co/GjFcfpepeg by TechCrunch #infosec #cybersecurity #technology #news
Bolt reportedly threatens legal action against Silverbear Capital: In the latest twist in Bolt’s aggressive fundraising efforts, the fintech company’s CEO appears to have made a veiled threat of legal action against Silverbear… https://t.co/mHxr2BL1wv #AI #AInews #AItips
Bolt reportedly threatens legal action against Silverbear Capital https://t.co/xBMLs3WkNt