"We believe there was some internal miscommunication at Silverbear Capital, one of our lead investors, which has caused unnecessary confusion," CEO Justin Grooms wrote in an email reportedly viewed by Forbes.
"The fact is, they signed a binding term sheet committing $200 million. Our exceptional legal team at Gibson, Dunn & Crutcher stands ready to represent the company in seeking to enforce our rights vigorously."
Veronica Welch stated, "This never had anything to do with any miscommunications" and emphasized that, "the deal was never discussed or approved in the company."
Brad Pamnani explained, "At the beginning, I used my Silverbear email to respond to some things and that caused some confusion but Silverbear was never actually looking at this deal."
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