OpenAI Warns Investors Against Unauthorized Equity Transactions Involving SPVs

OpenAI has issued a strong caution to potential and existing investors, warning against unauthorized attempts to buy or sell its equity through indirect channels such as Special Purpose Vehicles (SPVs), tokenized instruments, or forward contracts. The company stressed that all equity transfers must receive prior written approval from OpenAI and that any transaction conducted without such consent would be considered void. This rare public statement underscores OpenAI’s efforts to protect both its investors and its corporate governance from questionable financial practices that have started surfacing as demand for its shares grows.
The warning comes at a time when OpenAI’s valuation and market influence have risen dramatically, making it an attractive target for firms seeking to create indirect investment vehicles. However, OpenAI clarified that it has not authorized or endorsed any such schemes and emphasized that these unauthorized offerings may violate U.S. securities laws. Engaging in them could expose investors to severe legal risks, including the potential loss of funds and regulatory action.
By making this announcement, OpenAI aims to prevent misinformation in the market and to maintain transparency in how its equity is handled. The company also highlighted the importance of safeguarding investors from entities that misrepresent access to OpenAI’s growth opportunities. Industry observers note that this move reflects broader concerns in the tech sector, where demand for exposure to high-growth AI companies is leading to unconventional and sometimes dubious financial arrangements.
OpenAI reiterated that its focus remains on long-term innovation, research, and responsible scaling of artificial intelligence, not on speculative trading of its shares. The company urged investors to remain cautious, conduct due diligence, and verify any equity-related offers directly with authorized representatives.