Solana PreStocks Decline Following Warnings from Anthropic and OpenAI

TLDR

• Anthropic and OpenAI warned that unauthorized equity transfers may be void and unrecognized.
• Both companies said their shares remain subject to strict transfer restrictions under corporate bylaws.
• Anthropic named Open Door Partners, Hiive, and Forge as unauthorized to trade its shares.
• OpenAI stated that unapproved transactions could violate U.S. securities laws and carry no economic value.
• Anthropic PreStocks on Solana fell about 38% to around $879 after the notice.
• OpenAI PreStocks dropped roughly 46% to near $1,080 over the same period.

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(SeaPRwire) –   Solana-based PreStocks linked to private AI companies declined sharply this week following warnings from both firms against unauthorized equity transfers. Anthropic and OpenAI emphasized that their shares are governed by strict transfer limitations set forth in their corporate bylaws. As a result, token prices fell amid trader reactions to these statements.

Anthropic Flags Unauthorized Share Transfers

Anthropic issued a public notice addressing transfers conducted through special-purpose vehicles and tokenized instruments. The company confirmed that any transfer of its preferred or common shares requires prior approval from the board of directors. It clarified that all sales not authorized by the board are considered null and will not be recognized in its official records.

The company identified Open Door Partners, Hiive, and Forge as platforms where trading of its shares has occurred without authorization. Anthropic noted that buyers participating in such transactions may not obtain shareholder rights. It reiterated that only board-approved transfers are valid.

Anthropic PreStocks on Solana decreased by approximately 38% since late Tuesday, according to CoinGecko data. The token was trading near $879 with a market capitalization of about $8.3 million. These figures reflect activity in the tokenized instrument rather than the company’s official valuation.

PreStocks aim to mirror the implied valuations of private companies ahead of a potential public listing. However, the issuing companies do not endorse these instruments. Consequently, market prices respond directly to issuer communications and trading dynamics.

Anthropic underscored that its corporate bylaws impose significant restrictions on share ownership transfers without consent. It specified that transfers executed via forward contracts or tokenized structures are included within these limitations. The notice emphasized that trades not approved by the board lack legal standing in company records.

The company released the warning earlier this week. It made clear that only transactions authorized by the board are formally recognized. The announcement triggered immediate adjustments in related token markets.

OpenAI PreStocks Drop After Compliance Notice

OpenAI issued a similar caution regarding unauthorized equity transactions. The company affirmed that its shares are bound by strict transfer limitations established in existing agreements. It warned that transactions occurring outside approved channels may breach U.S. securities regulations.

OpenAI asserted that unauthorized trades might result in invalid underlying equity positions. It added that such transactions would hold no economic value for participants. The firm stressed that it does not acknowledge or record any unapproved transfers.

OpenAI PreStocks declined by roughly 46% during the same timeframe, as reported by CoinGecko. The token traded near $1,080 with a market cap of about $2.2 million. These metrics represent movements in the tokenized instrument alone.

The company clarified that its notice applies to equity sales involving SPVs and tokenized vehicles. It reaffirmed that every transfer must receive proper authorization. Without such approval, the transaction will not be recorded by the company.

Both organizations issued their statements earlier this week. Their announcements focused on transfer restrictions and compliance obligations. Token prices responded quickly to these disclosures.