SEC sues Elon Musk over failing to disclose Twitter stock stake
Elon Musk is being sued by the U.S. Securities and Exchange Commission, claiming he didn't disclose purchases of Twitter stock in 2022 immediately, allowing him to underpay.
SEC Accuses Elon Musk of Failing to Disclose Twitter Stock Purchases in 2022
The SEC sued Elon Musk, accusing the X owner of failing to properly disclose his purchases of Twitter stock in 2022.
SEC sues Elon Musk over alleged failure to disclose purchase of Twitter stock
In total, Musk underpaid Twitter investors by more than $150 million for his purchases of Twitter common stock during this period,” the SEC said in a complaint reported by Politico. “Investors who sold Twitter common stock during this period did so at artificially low prices and thus suffered substantial economic harm.
SEC Accuses Elon Musk Of Buying Up Twitter Stock At Deflated Price
The Securities and Exchange Commission has filed a lawsuit against Elon Musk alleging that in the lead-up to his acquisition of Twitter in 2022, he illegally failed to disclose he’d amassed a large portion of stock in the company ― allowing him to buy more shares of the platform at “artificially low prices.
SEC sues Elon Musk, saying he didn't disclose Twitter ownership on time before buying it
The U.S. Securities and Exchange Commission has sued billionaire Elon Musk, saying he failed to disclose his ownership of Twitter stock in a timely manner in early 2022, before buying the social media
SEC sues Elon Musk over Twitter purchase disclosures
The lawsuit marks the latest salvo in a years-old feud between the SEC and Musk, who has become one of the regulator's highest-profile critics.
SEC Obtains Elon Musk Texts In Twitter Lawsuit
Text shows that the Twitter board was enthusiastic about Musk's decision to buy up large sections of the company
NANO Nuclear Energy files to sell 2.5M shares of common stock for holders
NANO Nuclear Energy (NASDAQ:NNE) filed to sell 2.5M shares of common stock for holders. This preliminary prospectus is not an ...
Blaize approved to list common stock, warrants on Nasdaq
Blaize (BZAI) and BurTech Acquisition Corp announced that they expect to complete their previously announced business combination on January 12. The combined company will be named ...
Why Is Quantum Computing Stock Falling Today?
Quantum Computing Inc. (NASDAQ:QUBT) shares are trading lower in the premarket session on Wednesday. The company announced a ...
LM Funding America files for offering of common stock by holder
LM Funding America (NASDAQ:LMFA) files prospectus relates to the offer and resale of up to 3.5M shares of common stock by a ...
7 Best Preferred Stock ETFs to Buy Now
Here are seven of the best ETFs to buy for preferred stock exposure today: ...
Quantum Computing, Inc. Announces Private Placement of Common Stock for Proceeds of $100 Million
Quantum Computing Inc. ("QCi" or the "Company") (Nasdaq: QUBT), an innovative, integrated photonics and quantum optics ...
XTI Aerospace prices 363.64M share common stock offering at 5.5c per share
XTI Aerospace (XTIA) announced the pricing of a best-efforts offering of 363.64M shares of its common stock priced at-the-market under Nasdaq ...
SunLink Joins Forces With Regional Health Properties In All-Stock Deal: Shares Surge
Regional Health Properties, Inc. (AMEX:RHE) and SunLink Health Systems, Inc. (AMEX:SSY) shares traded higher after the ...
D-Wave Tumbles 19% Amid $150M Stock Sale Plan and Investor Uncertainty
D-Wave faces market pressure as stock sale news and quantum computing timeline debates shake investor confidence ...