Solmate's largest external shareholder, RBCH, sues the company's board of directors, accusing them of breach of fiduciary duty and self-dealing.
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
Digital asset treasury company Solmate Infrastructure (SLMT)'s largest external shareholder, RBCH, has filed a lawsuit in the New York Supreme Court against the company's current executives and directors, accusing them of breach of fiduciary duty, making misleading statements, and self-dealing. RBCH holds approximately 22.74% of Solmate's parent company, Brera Holdings, and led a $300 million PIPE financing for Solmate in September 2025, committing to invest $50 million. The lawsuit alleges actions by the board that harmed shareholders' interests, including selling shares during the lock-up period, signing advisory agreements favoring related parties, as well as directors Ron Sade and Keren Maimon personally buying about 2.298 million Class B shares at $4.97 per share, leading to approximately 20% shareholder dilution. Solmate currently holds about 2 million SOL on its books, with its stock price down around 78% year-to-date, while SOL has dropped about 50% over the same period.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!
You may also like
Tan Boon Seng Raises Stake in Cuscapi to 12.057%
Bitget•2026/10/16 10:08
Japanese Yen: Range trading holds against US Dollar – UOB
FXStreet•2026/10/16 09:39
Crypto prices
MoreBitcoin
BTC
$81,946.41
+1.23%
Ethereum
ETH
$2,449.83
+3.73%
Tether USDt
USDT
$0.9988
+0.00%
BNB
BNB
$729.03
+1.16%
XRP
XRP
$1.34
+1.83%
USDC
USDC
$0.9998
+0.00%
Solana
SOL
$105.93
+3.77%
TRON
TRX
$0.3353
+1.15%
Zcash
ZEC
$1,228.22
+13.04%
Hyperliquid
HYPE
$81.09
+1.65%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now