Brett Adcock's Figure AI has recently made headlines, claiming to be the most sought-after private stock. However, the company is taking steps to restrict unauthorized secondary market activities by sending cease-and-desist letters to brokers marketing its stock. This action follows a reported surge in its valuation to $39.5 billion, raising eyebrows about the growing interest in its shares. The spokesperson for Figure AI stated this practice is not new, as they aim to protect the company's stock from unauthorized sales and unauthorized brokers in the marketplace.
"This year, when we discovered an unauthorized third-party broker was marketing Figure shares without approval from the Figure Board of Directors, the company sent a cease and desist asking the unauthorized broker to stop, as it has done previously when other unauthorized brokers were discovered."
"Figure AI's valuation increased to $39.5 billion from $2.6 billion in just a year, indicating significant investor interest and speculation regarding its future growth and market potential."
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