Legal shots fired in FNZ employee shareholder stoush

FNZ chief executive Blythe Masters (Image: FNZ)

Wed, 09 Apr 2025

Frustrated FNZ employee shareholders have written to the company and its directors threatening legal action over a capital raise that would massively dilute their holdings.In March, the global fintech offered its class B shareholders a “catch-up” offer after it revealed their holdings could be massively diluted following its August capital raise of US$1 billion (NZ$1.7b)Many of the class B shareholders are longtime employees, particularly from New Zealand, where the company was founded.“We remain extremely angry,” one af...

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