Splitit went broke and was rescued by Motive Partners and the 2...

Splitit went broke and was rescued by Motive Partners and the 2 largest holders in exchange for the company being redomiciled and as as a private entity.

Private companies are forbidden by law from offering shares to the public - the only way to facilitate their transfer is by way of an agent like Primary Markets offering them in a marketplace for sophisticated investors only.

Pure and simple.