<ul><li>Robotics startup Figure AI sent cease-and-desist letters to brokers running secondary marketplaces marketing the company's stock.</li><li>Figure AI took action after reports of seeking a $1.5 billion round at a $39.5 billion valuation emerged, aiming to prevent unauthorized trading of its shares.</li><li>Secondary markets offer ways for investors to access cash from shares before an IPO, but Figure AI restricts unauthorized trading without board approval.</li><li>There are speculations that some CEOs, including Figure AI, disapprove of secondary market share sales due to potential competition with new rounds and pricing concerns.</li></ul>

Figure AI sent cease-and-desist letters to secondary markets brokers

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