Fluid Truck's board ousted its sibling co-founders amid allegations of mismanaging funds [TechCrunch]
Trinity Capital Inc. (TRIN)
US:NASDAQ Investor Relations:
lanb.com/home/about-us/news/2017/09/15/trinity-capital-corporation-commences-trading-on-otcqx-and-announces-dtc-eligibility
Company Research
Source: TechCrunch
and chief legal counsel Jenifer Snyder – according to sources familiar with the matter. The shakeup, which employees have described as a hostile takeover, was led by two minority investors on the board. Both Eberhard and Snyder have retained their own board seats. The leadership restructuring, which hasn't been reported previously, comes after the venture-backed Fluid Truck lost tens of millions of dollars as of June 31, leaving vendors and fleet owners unpaid, according to documents that TechCrunch has viewed and sources with direct knowledge. It's a hole that several rounds of layoffs and other cost-cutting measures taken in 2023 couldn't fix for the company that's been described as a Zipcar of commercial trucks. The board's decision to oust Eberhard and Snyder was driven by two minority shareholders, Bison Capital and Ingka Investments. Sources familiar with the matter said the investors accused Eberhard of mismanaging the company's funds and leading it into substantial opera
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- 11/6/24 - Form 4
- 11/6/24 - Form 4
- TRIN's page on the SEC website