CorporateSaturday, December 6, 2025

OpenAI warns investors against unauthorized secondary sales of its equity

Source: OpenAI (Official Policy)
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TL;DR

AI-Summarized

OpenAI published a policy notice warning that any direct or indirect transfer of its equity without written consent is void, highlighting that it is aware of firms marketing unofficial exposure via SPVs, tokenized interests and forward contracts. The company says such transactions may breach its transfer restrictions and U.S. securities laws and that it intends to vigorously enforce its rules, signaling tighter control over who can gain financial exposure to OpenAI.

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This article aggregates reporting from 1 news source. The TL;DR is AI-generated from original reporting. Race to AGI's analysis provides editorial context on implications for AGI development.

1 company mentioned

Companies Mentioned

OpenAI
OpenAI
AI Lab|United States
Valuation: $500.0B