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    Bolt’s Fundraising Fiasco: The Scandal That’s Leaving Investors Reeling

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    Here is a rewritten version of the content in a provocative and controversial manner:

    Bolt’s Desperate Bid to Stay Afloat: A Wild Ultimatum to Its Investors

    This week, the fintech world was stunned by Bolt’s shocking attempt to raise a whopping $450 million at a bloated $14 billion valuation. And the company’s CEO, Ryan Breslow, is pushing for a deal that would force investors to sell their stakes at a penny a share if they don’t agree to join the new funding round.

    But this isn’t just a typical round of fundraising – it’s a desperate bid by Bolt to stay afloat. The company’s founder, Breslow, has a history of controversy, including allegations of misleading investors and violating securities laws. And now, he’s back at the helm, with a new proposal that would give existing investors a chance to buy more shares at a higher price – or else.

    The proposal, revealed in a leaked term sheet, includes an aggressive "pay-to-play" provision that would force investors to buy additional shares at a higher price if they don’t agree to join the new funding round. This would effectively give Bolt a blank check to do as it pleases with the company’s finances – and leave existing investors with a significantly reduced stake in the company.

    But can Bolt really force investors to sell their shares for a penny a share? The answer is no, according to lawyers who have reviewed the company’s charter. The proposal is nothing more than a threat, designed to intimidate investors into agreeing to the deal.

    A Company in Crisis

    Bolt’s latest proposal is a sign of a company in crisis. Despite its rapid growth, the company has faced numerous challenges, including a decline in revenue and a shrinking valuation. And now, its CEO is desperate to stay in power, even if it means forcing investors to take a haircut.

    The proposal has sparked a fierce debate in the fintech community, with many calling it a "desperate and reckless" move. But one thing is clear: Bolt’s plan is a recipe for disaster, and its investors would be wise to steer clear.

    The Fallout

    The fallout from Bolt’s proposal could be significant. Investors who refuse to join the new funding round could find themselves facing a forced buyback of their shares at a penny a share. And if they do agree to join the round, they may find themselves locked into a deal that benefits Bolt’s CEO at the expense of the company’s long-term growth.

    The proposal also raises serious questions about the governance of Bolt and the transparency of its financial dealings. Investors deserve to know more about the company’s financial condition and its plans for the future – but instead, they’re being asked to take a blind leap of faith.

    Conclusion

    Bolt’s proposal is a shocking and controversial move that could have far-reaching consequences for the fintech industry. While the company may be trying to stay afloat, its proposal is a desperate and reckless bid to do so. Investors would be wise to steer clear of this deal – and instead, look for companies with a stronger track record of transparency and accountability.

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