Bolt Financial Cancels $37M In Shares To End CEO Loan Suit

By Sydney Price (May 15, 2024, 9:40 PM EDT) -- Bolt Financial Inc. will cancel over $37 million in shares to settle a derivative suit against the company's board of directors that accuses its former CEO of purposely defaulting on a $30 million loan, according to a filing in Delaware's Court of Chancery....

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