Reverse takeover

SHAREHOLDER ALERT: WeissLaw LLP Reminds KTYB, SAII, DGNR, and GLUU Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, February 26, 2021
New York City, Reverse takeover, NASDAQ, New York Stock Exchange, Finance, Service companies

Under the terms of the merger agreement, SAII will acquire Otonomo through a reverse merger that will result in Otonomo becoming a public company traded on the NASDAQ.

Key Points: 
  • Under the terms of the merger agreement, SAII will acquire Otonomo through a reverse merger that will result in Otonomo becoming a public company traded on the NASDAQ.
  • Under the terms of the merger agreement, Dragoneer will acquire CCC through a reverse merger that will result in CCC becoming a public company traded on the NYSE.
  • Under the terms of the agreement, the Company's shareholders will receive $12.50 in cash for each share of GLUU common stock that they hold.
  • If you own GLUUshares and wish to discuss this investigation or your rights, please call or visit our website: http://weisslawllp.com/gluu/
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SHAREHOLDER ALERT: WeissLaw LLP Reminds HEC, CNIG, CHNG and CATM Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, February 26, 2021
Corporate finance, Articles, Corporations, Financial economics, Equity securities, Mergers and acquisitions, Business law, Talkspace, Therapy, Fiduciary, Reverse takeover, China Huaneng Group

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hudson Executive Investment Corp. (NASDAQ: HEC) in connection with the company's proposed merger with Talkspace.

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Hudson Executive Investment Corp. (NASDAQ: HEC) in connection with the company's proposed merger with Talkspace.
  • Under the terms of the merger agreement, HEC will acquire Talkspace through a reverse merger that will result in Talkspace becoming a publicly traded company.
  • Under the terms of the merger agreement, CNIG shareholders will receive only $24.75 in cash for each share of CNIG common stock that they hold.
  • Under the terms of the merger agreement, CHNG shareholders will receive only $25.75 in cash for each share of CHNG common stock they hold.

Fusion Acquisition Corp. II Announces Pricing of $435 Million Initial Public Offering

Retrieved on: 
Thursday, February 25, 2021
Corporate finance, Finance, Money, Corporations, Private equity, Special-purpose acquisition company, Initial public offering, Mergers and acquisitions, Consolidation, Stock exchange, Underwriting, Reverse takeover

NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Fusion Acquisition Corp. II (the Company) today announced the pricing of its initial public offering of 43,500,000 units at a price of $10.00 per unit.

Key Points: 
  • NEW YORK, Feb. 25, 2021 (GLOBE NEWSWIRE) -- Fusion Acquisition Corp. II (the Company) today announced the pricing of its initial public offering of 43,500,000 units at a price of $10.00 per unit.
  • Fusion Acquisition Corp. II is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 6,525,000 units at the initial public offering price to cover over-allotments, if any.
  • This press release contains statements that constitute forward-looking statements, including with respect to the initial public offering and search for an initial business combination.

SHAREHOLDER ALERT: WeissLaw LLP Reminds VKIN, CLGX, VGAC, and ANDA Shareholders About Its Ongoing Investigations

Retrieved on: 
Thursday, February 25, 2021
Corporations, Finance, Corporate finance, Economy, Economy of New York City, NASDAQ, Reverse takeover, 23andMe, New York Stock Exchange, Mergers and acquisitions, NYSE Euronext

Camber currently owns approximately 62% of Viking's issued and outstanding common shares.

Key Points: 
  • Camber currently owns approximately 62% of Viking's issued and outstanding common shares.
  • Under the terms of the agreement, CLGX shareholders will receive $80.00 in cash for each share of CLGX common stock that they own.
  • Under the terms of the merger agreement, VGAC will acquire 23andMe through a reverse merger that will result in 23andMe becoming a public company traded on the NYSE.
  • Under the terms of the merger agreement, ANDA will acquire Stryve through a reverse merger that will result in Stryve becoming a public company traded on the NASDAQ.

CM LIFE SCIENCES INVESTOR ALERT by The Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of CM Life Sciences - CMLF

Retrieved on: 
Wednesday, February 24, 2021
Legal, Professional services, Charles Foti, Foti, Reverse takeover, Mergers and acquisitions, Economy, New Orleans, LOUISIANA

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.

Key Points: 
  • Former Attorney General of Louisiana Charles C. Foti, Jr., Esq.
  • and the law firm of Kahn Swick & Foti, LLC (KSF) are investigating the proposed merger of CM Life Sciences (NasdaqGS: CMLF) (the Company) with Sema4, pursuant to which CMLF will acquire Sema4 through a reverse merger, with Sema4 emerging as a publicly traded company.
  • KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger undervalues the Company.
  • To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com .

SmartKem, Inc. Raises $24.6 Million and Completes Reverse Acquisition

Retrieved on: 
Wednesday, February 24, 2021
Articles, Business law, Reverse takeover, Board of directors, Business

Prior to the financing, SmartKem Limited (SmartKem) completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol.

Key Points: 
  • Prior to the financing, SmartKem Limited (SmartKem) completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol.
  • Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue the historic business of SmartKem.
  • The directors of SmartKem, Ian Jenks, Robert Bahns, Dr. Simon King, Klaas de Boer and Barbra Keck, have become the directors of the Company.
  • Ian Jenks has become the Chief Executive Officer of the Company and Robert Bahns has become the Chief Financial Officer of the Company.

SmartKem, Inc. Raises $24.6 Million and Completes Reverse Acquisition

Retrieved on: 
Wednesday, February 24, 2021
Reverse takeover

Leader in the development of a new generation of organic semiconductor materials for the manufacture of flexible electronics successfully closes acquisition and completes financing.

Key Points: 
  • Leader in the development of a new generation of organic semiconductor materials for the manufacture of flexible electronics successfully closes acquisition and completes financing.
  • Prior to the financing, SmartKem Limited (SmartKem) completed a reverse acquisition transaction with Parasol Investments Corporation (Parasol), a public Delaware corporation, whereby SmartKem became a wholly owned subsidiary of Parasol.
  • Following the acquisition, Parasol changed its name to SmartKem, Inc. and will continue the historic business of SmartKem.
  • The directors of SmartKem, Ian Jenks, Robert Bahns, Dr. Simon King, Klaas de Boer and Barbra Keck, have become the directors of the Company.

SHAREHOLDER ALERT: WeissLaw LLP Reminds AJRD, RP, NTWN and COHR Shareholders About Its Ongoing Investigations

Retrieved on: 
Tuesday, February 23, 2021
Finance, Financial markets, Money, Corporate finance, Stock market, Dividends, Shareholders, Mergers and acquisitions, Reverse takeover, Stock, Public company, Dividend policy

Under the terms of the merger agreement, AJRD shareholders will receive $56.00 in cash, without interest, less any dividends declared prior to the merger.

Key Points: 
  • Under the terms of the merger agreement, AJRD shareholders will receive $56.00 in cash, without interest, less any dividends declared prior to the merger.
  • The per share price is expected to be reduced to $51.00 after the expected pre-closing payment of a special cash dividend of $5.00 per share to AJRD shareholders.
  • Under the terms of the merger agreement, RP shareholders will receive $88.75 in cash for each share of RP common stock that they hold.
  • Under the terms of the merger agreement, NTWN will acquire Appgate through a reverse merger that will result in Appgate becoming a publicly traded company.

Kessler Topaz Meltzer & Check, LLP - Important Deadline Reminder for Clover Health Investments, Corp. Investors

Retrieved on: 
Tuesday, February 23, 2021
Limited liability partnership, Partnerships, Topaz, Reverse takeover, Special-purpose acquisition company, Topaz, Organizations, Companies, Articles

Clover was taken public through a reverse merger with IPOC, a Special Purpose Acquisition Company (the "Business Combination").

Key Points: 
  • Clover was taken public through a reverse merger with IPOC, a Special Purpose Acquisition Company (the "Business Combination").
  • The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP.
  • For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com .
  • Kessler Topaz Meltzer & Check, LLP

Acquisition of Securities of Psybio Therapeutics Corp. (Formerly Leo Acquisitions Corp.)

Retrieved on: 
Monday, February 22, 2021
Stock market, Mergers and acquisitions, Financial economics, Finance, Corporations, Equity securities, Corporate finance, Reverse takeover, Share, Takeover, Security

Rob Nathan has acquired control and direction over 13,857.858 multiple voting shares (Multiple Voting Shares) of PsyBio Therapeutics Corp. (formerly Leo Acquisitions Corp.) (the Company) in connection with the Companys recently completed reverse takeover (the RTO) of PsyBio Therapeutics, Inc. (PsyBio).

Key Points: 
  • Rob Nathan has acquired control and direction over 13,857.858 multiple voting shares (Multiple Voting Shares) of PsyBio Therapeutics Corp. (formerly Leo Acquisitions Corp.) (the Company) in connection with the Companys recently completed reverse takeover (the RTO) of PsyBio Therapeutics, Inc. (PsyBio).
  • The Multiple Voting Shares were issued to Triumphe24, LLC (Triumphe24) in exchange for shares of PsyBio for aggregate deemed consideration of $4,850,250.30 (or $0.35 per PsyBio share).
  • Mr. Nathan exercises control and direction over the Multiple Voting Shares held by Triumphe24.
  • Prior to the closing of the RTO, Mr. Nathan held nil securities of the Company.