Figure AI Blocks Unauthorized Stock Sales Amid $39.5B Valuation
Figure AI cracks down on unauthorized stock trading as it eyes a $39.5B valuation. Here's what it means for investors and secondary markets.
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Figure AI Blocks Unauthorized Stock Sales Amid $39.5B Valuation Figure AI Blocks Unauthorized Stock Sales Amid $39.5B Valuation Investors eager to buy or sell Figure AI stock on secondary markets have run into a major roadblock. The robotics startup, founded by Brett Adcock, has sent cease-and-desist letters to multiple secondary brokers, demanding they stop marketing its shares without authorization. As Figure AI’s valuation surges toward a projected $39.5 billion, questions are rising around how investors can access private shares, the legality of secondary market trading, and the company's efforts to control its equity sales. If you’re wondering whether you can buy Figure AI stock before an IPO, or how secondary markets factor into high-demand private companies, here’s everything you need to know. Image Credits:Figure AI Why Figure AI Is Sending Cease-and-Desist Letters to Brokers Following Brett Adcock’s bold claim that Figure AI had become the "most sought-after private stock" on secondary markets, the company has…