Hi investors! I'm Merc - Head of Investor Success at Wefunder - here providing you with updated information I just received from Subverse.

Bridgeport, CT: December 9, 2022

SUBVERSE, Inc. LITIGATION ENDS

Subverse, Inc., an independent digital news platform, has settled its lawsuit against two former employees. Tim Pool, CEO of Subverse, Inc. and Emily Molli and Rocco Castoro announced today that the parties have settled the lawsuit (which can be read in full here) filed in federal court to avoid the cost and uncertainty of litigation. As a result of this settlement, control of the websites SCNR.com and Subverse.net will be returned to Subverse along with company equipment and assets.  Subverse, Inc. intends to reorganize its digital platforms and website as a news organization and continue its operations with new employees and management. Molli and Castoro will no longer have a relationship or stake with Subverse, Inc.

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In a separate action, Emily Molli vs. Subverse, the defendant Emily Molli withdrew her right to appeal in a case against Subverse, in which the California Department of Industrial Relations denied each and every claim she made. Details can be found here (link to attached pdf). 

Thank you to the investor community for your continued patience.