Wouldn't this be a sale of a non-profit's assets, rather than a sale of the non-profit itself? I see no legal reason a non-profit can't sell, e.g., a building it owns.
Everything else seems skeevy, but this particular angle does not seem promising for a basis of any legal proceedings.
The press release says "Ethos Capital’s acquisition of Public Interest Registry from the Internet Society". Public Interest Registry says on its website: "Based in Reston, Virginia, Public Interest Registry is a not-for–profit organization created by the Internet Society (ISOC), originally to manage the .ORG domain." and has links to IRS Form 990.
It's possible that Ethos Capital is being imprecise are not technically acquiring PIR, but it certainly reads that way.
Wouldn't this be a sale of a non-profit's assets, rather than a sale of the non-profit itself? I see no legal reason a non-profit can't sell, e.g., a building it owns.
Everything else seems skeevy, but this particular angle does not seem promising for a basis of any legal proceedings.