Tony Vejseli, Figure Markets Holdings Inc. and GXD Labs, LLC collectively the ‘Group’ today issued a statement to address recent developments following a meeting held on October 28, 2024, at White and Case’s Midtown Manhattan offices, where the Group met with the board of directors the ‘Board’ and management team of Ionic Digital, Inc. the ‘Company’ or ‘Ionic.’
The Group thanked White and Case for hosting the discussion but noted a need for clarification following the Company’s summary of the meeting in a press release, which they believe misrepresented several key points.
In response to Ionic’s statement regarding its affirmation of “strong momentum” and its “laser-focus” on implementing its strategic initiatives, the Group raised concerns over the Board’s apparent lack of knowledge of core operating metrics.
They highlighted that the Board appeared unprepared to discuss any aspects of its financial or operational performance, including by answering any of Mr. Vejseli’s questions as described in his
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Author: Chainwire
