> The complaint was filed on May 18 in a Virginia district court where Waseem is based; Stability AI is incorporated in Delaware and the United Kingdom. The complaint was dismissed voluntarily by Waseem’s counsel on the same day that it was filed. Counsel for Waseem, as well as Mostaque and Stability AI, did not immediately respond to Motherboard’s request for comment.
This seems super weird (at least for someone who doesn't know how these dealings work). Any idea on why it might be filed and dismissed voluntarily in the same day?
It has Mostaque as having 75% "or more" and no other directors or people with significant control are listed. Waseem would have to be listed as a PSC if he held the other 25%[1] so if he has equity, it's less than that.
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[ 3.2 ms ] story [ 18.4 ms ] threadThis seems super weird (at least for someone who doesn't know how these dealings work). Any idea on why it might be filed and dismissed voluntarily in the same day?
https://find-and-update.company-information.service.gov.uk/c...
It has Mostaque as having 75% "or more" and no other directors or people with significant control are listed. Waseem would have to be listed as a PSC if he held the other 25%[1] so if he has equity, it's less than that.
[1] https://www.gov.uk/guidance/people-with-significant-control-...