LVT - 50c Club, page-136

In 2018, founders said the case had no merits, end up cost the company $8.5m plus lawyer fees, and lost control of 16m stocks.

It would be a better announcement if they could explain whether the case had any merit from the plaintiff perspective. between lines, the two founders must have taken advantage of some other JV partners at the time of listing.

So now, they had to pay $9m settlement and lawyer, and another $18m earn-out soon. again, they will break their promise not to raise.