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Chancery Presses Pause On $450M Bolt Financial Financing

By Jeff Montgomery (September 5, 2024, 2:57 PM EDT) -- Affiliates of multinational investors Hedosophia and BlackRock have won a Delaware Court of Chancery pause of a purported Bolt Financial Inc. $450 million equity financing that would eliminate and replace all the company's preferred stock while returning founder Ryan Breslow to his CEO seat....

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