Overview

• OpenAI flagged offerings that claim exposure through SPVs, tokenized interests, and forward contracts.
• The company says any direct or indirect transfer without prior written consent is void under its agreements.
• OpenAI states it does not endorse or participate in these arrangements and may treat the purported equity as invalid.
• The notice warns such transactions may violate US federal or state securities laws, exposing participants to liability and possible rescission.
• Investors are urged to be cautious if contacted by firms claiming access to OpenAI, with the company noting some pitches could carry no recognized economic value even though not every offer is problematic.