Board members Ron Sade and Keren Maimon personally bought about 2.298 million SLMT shares at $4.97, diluting shareholders ~20%.
- Solmate Infrastructure's largest shareholder, RBCH, has sued the company's board for alleged fiduciary breaches and self-dealing.
- The lawsuit claims board members engaged in unfair share sales, preferential advisory deals, and excessive compensation, leading to significant shareholder dilution.
- RBCH is seeking emergency relief, including the removal of the current board and rescission of a recent stock issuance to the CEO and a director.
Topics: Institutional adoption, Legal regulatory, Private market, Asset manager initiatives, Enforcement actions litigation, Private equity vc
Tags: #solmate #solana #rbch #rockawayx #fiduciarybreach #selfdealing #shareholderdilution #advisoryfees #insidercompensation #litigation
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