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Bolt says it has settled itslong - tolerate lawsuit with its investor Activant Capital . One - click payments startup Bolt is settling the suit by buying out the investor ’s interest “ after which Activant will no longer hold any interest in Bolt , ” the company say in a statement .
Activant ’s suit accused founding father and then CEO Ryan Breslow of adding $ 30 million to Bolt ’s balance tack in the form of a personal loanword and removing dining table members when they urge on Breslow to repay it . While this suit andone lodge by major Bolt customer Fanaticswere both settled this week , Bolt is still in the midst of on-going drama . It ’s render toforce its existing shareholders to corrupt more sharesat an increased valuation based on a dubious condition sheet involvingan SPV - base investor and $ 250 million of “ marketing credits . ”Investors are not amuse , and some are seeking to block the business deal .
