Solmate has initiated legal action against Viktor Fischer, CEO of RockawayX, alleging a fraudulent acquisition attempt. Solmate claims Fischer sought to raise $50 million through RockawayX to invest in Solmate, aiming to sell the company at a valuation of approximately $200 million. This valuation was reportedly based on misleading financial statements provided to Brera Holdings. After identifying irregularities during due diligence, Solmate's board terminated the deal and filed a lawsuit in Delaware against Fischer and RockawayX, accusing them of fraud and intentional misrepresentation.
Solmate asserts that the "false attacks" have negatively impacted market expectations, leading to a significant discount in the company's valuation. The company is focusing on legal accountability and building long-term business value, pledging to prioritize the interests of shareholders and the security of company assets.
Solmate Accuses RockawayX CEO of Fraudulent Acquisition Attempt
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