Earlier this year, DealMaker announced that it was filing a lawsuit accusing Issuance, Crush Capital, and founder Darren Marble of misrepresenting a strategic collaboration to conduct offerings. After the lawsuit was announced, Marble denied any misdeeds on his part, stating the allegations were without merit.
Today, it seems the dispute is no more as the parties have issued a statement that a settlement has been reached.
According to a statement by DealMaker, the terms of the settlement seek to ensure that “all parties continue to support issuers raising capital online and expand the private capital-raising ecosystem by providing greater access to capital-raising markets.”
To quote the release:
“DealMaker, Issuance and Crush Capital look forward to broadening their relationship and providing value for all the parties as we work towards advancing more sophisticated capital markets tools, empowering capital to flow faster.”
Specific terms of the agreement were not revealed but it appears the two sides will be working together.
DealMaker is a tech-enabled funding platform that is also a broker-dealer that specializes in helping firms raise money using the full stack of securities exemptions. DealMaker has experienced rapid growth in the securities crowdfunding sector in the past several years.
Issuance and Crush Capital are newer entrants into online capital formation, but Marble has been well-known in the securities crowdfunding industry for many years.