Ryan Breslow’s $450 million deal with Bolt would now trigger a restraining order

Ryan Breslow’s plan to get himself reinstated as CEO of financial technology company Bolt — and push through a $450 million fundraising deal that would value the startup at a staggering $14 billion — has apparently stalled.

According to Forbes, Breslow sent an email to shareholders thanking them for approving the deal. The problem is that many of those investors, including Montauk Ventures and Ash Pournouri, claim they didn’t approve anything. Montauk founder Philip Krim told Forbes that he doesn’t support the funding and that Breslow didn’t have his permission to be included on a list of investors who had approved the deal.

Meanwhile, BlackRock, along with Hedosophia and Untitled Ventures, have reportedly requested a restraining order in an attempt to “stop” Bolt’s Series F round. The trio claimed through a lawyer that Bolt was “coercing its investors by forcing them to choose between paying millions of dollars for new equity or losing the majority of their existing investment.”

Bolt declined TechCrunch’s request for comment.