Moatable Inc ADR (MTBLY)

[downthehatch]

A post on the SoFi SPAC board, IPOE, says that Joseph Chen is no longer shown as a Board member of SoFi. So maybe the pressure is indeed mounting to get this lawsuit resolved.

(Note: I have not independently read the revised IPOE S-4 document-- I am simply reporting what someone else posted.)

But that might partially explain the big rise today. If Chen wants to be involved w SoFi, he needs to get rid of the shareholder's derivative lawsuit. The only quick and easy way to do that?

A settlement.