Khaby Lame's $975M Rich Sparkle tie-up stalls as brokers curb stock trading
Khaby Lame’s proposed $975 million deal to merge with Rich Sparkle Holdings has hit a snag as several brokerages restrict trading in the linked stock (ANPA). Interactive Brokers lists it as non-tradable, with E-Trade, Fidelity, Schwab, and Vanguard blocking or limiting trading, while Robinhood and Webull remain open. The stock has plunged from January highs, and there’s been no formal filing confirming completion or the delivery of the promised 75 million shares; Rich Sparkle’s filings describe the deal as contingent on conditions, leaving the deal’s fate unclear.
