Anthropic has issued a statement declaring that any sale or transfer of its stock not approved by the Board of Directors is void, leaving many investors on secondary markets like Forge and Hiive without stockholder rights. This announcement indicates that transactions made through these platforms, without board consent, are considered invalid. Additionally, the company explicitly prohibits special purpose vehicles (SPVs) from holding its stock, further complicating the situation for those seeking indirect exposure to shares. As a result, the company’s guidance to investors is to “assume that it is invalid,” posing significant risks for those involved in its multi-billion dollar secondary market.
Anthropic: Anthropic is a frontier AI safety and research company dedicated to building reliable, interpretable, and steerable AI systems, best known for its Claude models serving consumer, developer, and enterprise use cases. It recently partnered with Blackstone, Hellman & Friedman, and Goldman Sachs to launch an enterprise AI services firm. In this news, Anthropic issued a policy declaring any unapproved sales or transfers of its stock on secondary markets like Forge and Hiive as void, along with prohibitions on SPVs holding shares.
`json
{
“SPV Restrictions”: “Anthropic prohibits special purpose vehicles from acquiring or holding its stock, rendering such transfers void.”,
“Secondary Platforms”: “Forge and Hiive are marketplaces for trading private company shares like Anthropic’s among accredited investors.”,
“Stock Transfer Policy”: “Anthropic requires board approval for all stock transfers, treating unapproved secondary market transactions as void and unrecognized.”
}
`
