Tech
OpenAI warns against unauthorised equity transactions via various means, including SPVs
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ChatGPT maker OpenAI has warned against unauthorised opportunities to gain exposure to the company through a variety of means, including special purpose vehicles (SPVs).
In a blog post, the US-based company said that all OpenAI equity is subject to transfer restrictions.
“This means that OpenAI equity cannot be directly or indirectly transferred unless the seller first obtains OpenAI’s written consent. Any attempted transfer – which includes any pledge, encumbrance or other similar disposition – that does not follow this requirement is void,” it…
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