If completed, the IPO would be the largest in history, surpassing Saudi Aramco’s $29.4 billion listing.
Mr Musk is accused of amassing a large stock position in the social media company without filing the proper notification.
Michael Shvartsman and Gerald Shvartsman are scheduled to be sentenced by Judge Liman on July 17, 2024, at 2:00 p.m. and 3:00 p.m., respectively.
The American regulatory agency filed the complaint on Monday in federal court in Washington, DC, listing 13 charges against Binance and Mr Zhao.
Mr Musk is accusing Twitter of committing “a clear material breach” of its “obligations under the merger agreement…”
Tesla and SpaceX founder Elon Musk has purchased a 9.2 per cent stake in social media company Twitter, driving the company’s share value.
