Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Solmate's largest external shareholder, RBCH, sues the company's board of directors, accusing them of breach of fiduciary duty and self-dealing.

Solmate's largest external shareholder, RBCH, sues the company's board of directors, accusing them of breach of fiduciary duty and self-dealing.

AiCoinAiCoin2026/06/22 22:31
Show original
Digital asset treasury company Solmate Infrastructure (SLMT)'s largest external shareholder, RBCH, has filed a lawsuit in the New York Supreme Court against the company's current executives and directors, accusing them of breach of fiduciary duty, making misleading statements, and self-dealing. RBCH holds approximately 22.74% of Solmate's parent company, Brera Holdings, and led a $300 million PIPE financing for Solmate in September 2025, committing to invest $50 million. The lawsuit alleges actions by the board that harmed shareholders' interests, including selling shares during the lock-up period, signing advisory agreements favoring related parties, as well as directors Ron Sade and Keren Maimon personally buying about 2.298 million Class B shares at $4.97 per share, leading to approximately 20% shareholder dilution. Solmate currently holds about 2 million SOL on its books, with its stock price down around 78% year-to-date, while SOL has dropped about 50% over the same period.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Wedbush: Hard drive supply falls short of demand, Seagate (STX.US) and Western Digital (WDC.US) earnings reports may bring surprises

Wedbush reiterated its "outperform" ratings for Seagate and Western Digital, setting target prices at $1,000 and $650, respectively.

智通财经•2026/10/22 04:17
Wedbush: Hard drive supply falls short of demand, Seagate (STX.US) and Western Digital (WDC.US) earnings reports may bring surprises

JPMorgan maintains Underweight rating on Nike (NKE.US): Deep in adjustment pains, performance pressures may persist until fiscal year 2028

Recently, JPMorgan released a U.S. equity research report on Nike. The research team participated in a face-to-face meeting with Nike's new CFO, Denton, updated profit assumptions based on management statements, and maintained an “underweight” investment rating on Nike.

智通财经•2026/10/22 03:57