Humanoid Robot Manufacturer Education & Research
Figure AI Moves to Block Secondary Stock Sales Amid Talks of $39.5 Billion Valuation
Original from HumanoidsDaily: Figure AI Moves to Block Secondary Stock Sales Amid Talks of $39.5 Billion Valuation

Figure AI Moves to Block Secondary Stock Sales Amid Talks of $39.5 Billion Valuation

Figure AI, a humanoid robotics company, has taken a firm stance against secondary market brokers by issuing cease-and-desist letters, instructing them to halt the marketing of its shares. This move comes in the wake of the company’s efforts to secure a significant funding round, aiming for a valuation of $39.5 billion. The decision marks a notable shift from the CEO's previous assertions that the company was experiencing high demand in secondary markets. The timing of this action suggests a strategic response to protect its market position as it navigates the complexities of securing new investments.

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