Figure AI warns investors about unauthorized attempts to sell Figure stock, emphasizing that any transfer requires board approval and is subject to restrictions.
Figure issued a shareholder notice stating that any transfer of Figure stock or of interests in Figure requires board approval, that both preferred and common stock carry transfer restrictions under its shareholder agreements, employee stock plan and bylaws, and that those restrictions extend to "upstream" transfers — explicitly including the sale or transfer of interests in Special Purpose Vehicles or funds that hold Figure stock. Any unapproved sale "is void and will not be recognized on our books and records". Existing holders must notify the board before any transfer, and Figure advises treating any offer of indirect participation as unauthorised and potentially fraudulent. Why this is worth recording rather than filing as housekeeping: a company publicly policing SPV-mediated secondary demand is a direct signal of how much unofficial appetite exists for exposure to a private humanoid company — the same SPV pattern the Foresight method has repeatedly found on EDGAR for other private roster names. It also means secondary-market "valuations" for Figure circulating via brokers should be treated as unreliable.
On 9 June 2026 the Audit Committee, in consultation with management, concluded that Richtech Robotics' previously issued financial statements should not be relied upon and require restatement because of errors. The affected periods are the audited financial statements for fiscal years ended 30 September 2025 and 30 September 2024, and the unaudited interim statements for the periods ended 31 December 2024, 31 March 2025, 30 June 2025 and 31 December 2025. Three error sources are named: failure to properly account for the liability associated with warrants issued in FY2025 and FY2024; errors in accounting for the Standby Equity Purchase Agreement dated 15 February 2024 with YA II PN, Ltd.; and errors in accounting for certain restricted stock awards issued in December 2025. The company also said its prior earnings releases and similar communications should no longer be relied upon to that extent.