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Anthropic Restricts Share Transfers on Eight Secondary Platforms
Anthropic updated its website to declare that sales of its stock through Open Doors Partners, Unicorns Exchange, Pachamama Capital, Lionheart Ventures, Hiive, Forge Global, Sydecar and Upmarket are void. The AI company, rumored to be raising fresh funding at a $900 billion valuation, said its preferred and common stock are subject to strict transfer restrictions requiring board approval.
May 12, 1:41 PM·2m read1 source
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Anthropic updated its website this week to warn investors that certain private and secondary investment platforms are not authorized to provide access to its shares. The company named Open Doors Partners, Unicorns Exchange, Pachamama Capital, Lionheart Ventures, Hiive, Forge Global, Sydecar and Upmarket as companies not authorized to provide access to buy or sell its shares.
“Any sale or transfer of Anthropic stock, or any interest in Anthropic stock, offered by these firms is void and will not be recognized on our books and records,” the company’s blog post reads.
Anthropic’s preferred and common stock are subject to transfer restrictions. Any share sale or transfer of Anthropic stock not approved by its board of directors will be considered invalid. Anthropic stated that it does not permit special purpose vehicles (SPVs) to acquire Anthropic stock and any transfer of shares to an SPV is void under its transfer restrictions.
Offers to invest in Anthropic’s past or future financing rounds through an SPV are prohibited. Equity in SPVs holding Anthropic shares could originate from an official investor or from holdings acquired during the bankruptcy of FTX. Forge Global claimed it had been included in Anthropic's warning erroneously.
“We are working with Anthropic to remove Forge’s name from this alert,” the platform told TechCrunch. Forge Global stated that it does not facilitate transactions in any private company’s shares without the explicit approval of the company. The update comes as demand for Anthropic shares has intensified.
