Bolt's aggressive ultimatum to shareholders, urging them to increase their investments at elevated prices, signals a challenging road ahead, amidst past leadership controversies.
The proposed $450 million Series F funding round, raising Bolt's valuation to over $14 billion, is substantial given Bolt's reported annualized run-rate of $28 million.
Ryan Breslow's return as CEO coincides with a significant funding effort, despite previous allegations of misleading investors during past fundraising activities.
The email outlining the funding terms revealed Bolt's ambitions for a capital infusion, amid scrutiny over prior leadership decisions and financial metrics.
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