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Ryan Breslow ’s plan to get himself reinstall as CEO of fintech company Bolt — and push througha $ 450 million fundraising dealthat would value the inauguration at a staggering $ 14 billion — has apparently procrastinate .
According toForbes , Breslow sent an e-mail to shareowner thanking them for signing off on the deal . The trouble is that many of those investor , including Montauk Ventures and Ash Pournouri , exact they did n’t sign off on anything . Montauk ’s founder , Philip Krim , told Forbes he does not support the financing , and Breslow did n’t have his permission to be included in a inclination of investors that had approve the hatful .
Meanwhile , BlackRock , along with Hedosophia and Untitled Ventures , reportedly applied for a restraining order in an attempt to “ halt ” Bolt ’s Series F round . The leash claim through an lawyer that Bolt was “ squeeze its investors by forcing them to choose between paying millions of dollar for novel stock or losing most of their existing investment funds . ”
Bolt declined TechCrunch ’s petition for input .
