RBCH, the largest external shareholder of Solmate Infrastructure, has filed a lawsuit against the company's executives and directors, accusing them of fiduciary breaches and self-dealing. RBCH, linked to Viktor Fischer of RockawayX, holds a 22.74% stake in Solmate. The lawsuit claims Solmate's shares trade at a 50% discount to net asset value due to board mismanagement. Allegations include a strategic advisory agreement granting insiders equity options and management fees, and a share sale netting over $1.6 million while PIPE investors were locked. Additionally, directors Ron Sade and Keren Maimon allegedly purchased shares at a significant discount, diluting existing shareholders by 20%. RBCH seeks to rescind these actions and replace the board with independent experts.
Solmate's Largest Shareholder Sues Board Over Alleged Mismanagement
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