source: techcrunch ai: anthropic warns investors against secondary platforms offering access to its shares
level: business
anthropic updated its website to warn investors that a number of private and secondary investment platforms are not allowed to offer access to its shares. the company listed open doors partners, unicorns exchange, pachamama capital, lionheart ventures, hiive (new offerings), forge global (new offerings), sydecar and upmarket as unauthorized. any sale or transfer of anthropic stock through these firms is void and will not be recognized on its books.
the warning comes as more platforms offer exposure to ai companies via secondary markets, special purpose vehicles, or tokenized securities. anthropic, reportedly raising funds at a $900 billion valuation, is in high demand. some brokers say its stock is among the hardest to source. forge global said it was included by mistake and is working with anthropic to correct the listing. sydecar stated it only acts in an administrative role and does not buy or sell securities.
anthropic emphasized that both its preferred and common stock have transfer restrictions. any sale or transfer not approved by its board is invalid. the company also said it does not permit special purpose vehicles to acquire its stock, and any transfer to an spv is void under its rules. offers to invest in past or future financing rounds through an spv are prohibited.
why it matters: unauthorized secondary sales can create legal and financial risks for investors and distort the true ownership structure of private ai companies.
source: techcrunch ai: anthropic warns investors against secondary platforms offering access to its shares