Reverse takeover

SHAREHOLDER ALERT: WeissLaw LLP Reminds KTYB, PRSP, ACTC, and CMD Shareholders About Its Ongoing Investigations

Retrieved on: 
Wednesday, February 3, 2021
Equity securities, Financial economics, Corporate finance, Finance, Mergers and acquisitions, Proterra, Common stock, Fiduciary, Reverse takeover, Stock

WeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kentucky Bancshares, Inc. (OTCQX: KTYB) in connection with the proposed merger of the company with Stock Yards Bancorp, Inc. ("Stock Yards").

Key Points: 
  • WeissLaw LLPis investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kentucky Bancshares, Inc. (OTCQX: KTYB) in connection with the proposed merger of the company with Stock Yards Bancorp, Inc. ("Stock Yards").
  • Under the terms of the merger agreement, KTYB shareholders will receive $4.75 in cash and 0.64 shares of Stock Yards common stock for each KTYB share that they own, representing implied per-share merger consideration of approximately $33.88 based upon Stock Yards' February 2, 2021 closing price of $45.51.
  • Under the terms of the merger agreement, ACTC will acquire Proterra through a reverse merger that will result in Proterra becoming a public company.
  • If you own CMDshares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: http://weisslawllp.com/cmd/
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The Music Acquisition Corporation Announces Pricing of $200 Million Initial Public Offering

Retrieved on: 
Tuesday, February 2, 2021
Finance, Mergers and acquisitions, Corporations, Money, Corporate finance, Private equity, Special-purpose acquisition company, Offering, Consolidation, Reverse takeover

New York , Feb. 02, 2021 (GLOBE NEWSWIRE) -- The Music Acquisition Corporation (the Company) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.

Key Points: 
  • New York , Feb. 02, 2021 (GLOBE NEWSWIRE) -- The Music Acquisition Corporation (the Company) today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.
  • The offering is expected to close on February 5, 2021, subject to customary closing conditions.
  • The Music Acquisition Corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • 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.

Summit Networks Announces the Completion of Reverse Merger

Retrieved on: 
Tuesday, February 2, 2021
Reverse takeover

Hengshui, China, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Summit Networks, Inc. (the Company) (OTC Markets: SNTW) announced today that the Company has completed its reverse acquisition through entering into a series of contractual arrangements with Hengshui Jingzhen Environmental Company Limited (Hengshui Jingzhen) and Hengshui Jinzhens shareholders (the Reverse Merger).

Key Points: 
  • Hengshui, China, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Summit Networks, Inc. (the Company) (OTC Markets: SNTW) announced today that the Company has completed its reverse acquisition through entering into a series of contractual arrangements with Hengshui Jingzhen Environmental Company Limited (Hengshui Jingzhen) and Hengshui Jinzhens shareholders (the Reverse Merger).
  • Hengshui Jingzhen generated revenue mostly from three business lines: waste incineration; waste disposal; waste utilization.
  • For the fiscal year ended September 30, 2020, Hengshui Jingzhen achieved revenue of $9.5 million and a net income of $2.8 million.
  • Shuhua Liu, CEO of the Company, commented, We are very excited to have completed the Reverse Merger.

SHAREHOLDER ALERT: WeissLaw LLP Reminds DMYD, EXPC, ATAC, and GIK Shareholders About Its Ongoing Investigations

Retrieved on: 
Monday, February 1, 2021
New York City, Reverse takeover, NASDAQ, New York Stock Exchange, Fiduciary, Finance

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of dMY Technology Group, Inc. II (NYSE: DMYD)in connection with the company's proposed merger with Genius Sports Group Limited ("GSG").

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of dMY Technology Group, Inc. II (NYSE: DMYD)in connection with the company's proposed merger with Genius Sports Group Limited ("GSG").
  • Under the terms of the merger agreement, DMYD will acquire GSG through a reverse merger that will result in GSG becoming a public company.
  • Under the terms of the merger agreement, EXPC will acquire Blade through a reverse merger that will result in Blade becoming a public company traded on the NASDAQ.
  • ATAC will combine with Owl Rock and Dyal Capital via a reverse merger to create a single publicly-traded company.

SHAREHOLDER ALERT: WeissLaw LLP Reminds JWS, BRPA, and UROV Shareholders About Its Ongoing Investigations

Retrieved on: 
Friday, January 29, 2021
Corporate finance, Reverse takeover, Mergers and acquisitions, Economy, Articles, Business

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Jaws Acquisition Corp. (NYSE: JWS) in connection with the company's proposed merger with privately held Cano Health, LLC ("Cano").

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Jaws Acquisition Corp. (NYSE: JWS) in connection with the company's proposed merger with privately held Cano Health, LLC ("Cano").
  • Under the terms of the merger agreement, JWS will acquire Cano through a reverse merger that will result in Cano becoming a publicly traded company.
  • Under the terms of the agreement, BRPA will acquire NeuroRx through a reverse merger, with NeuroRx surviving as the new publicly traded company.
  • Under the terms of the acquisition agreement, the company's shareholders will receive only $16.25 in cash for each share of UROV common stock that they own.

SHAREHOLDER ALERT: WeissLaw LLP Reminds OBLN, HEC, CNIG and CHNG Shareholders About Its Ongoing Investigations

Retrieved on: 
Thursday, January 28, 2021
Corporate finance, Mergers and acquisitions, Reverse takeover, Economy, Business, Articles

Under the terms of the merger agreement, ReShape will acquire Obalon in an all-stock transaction, pursuant to which Obalon will be renamed ReShape Lifesciences Inc.

Key Points: 
  • Under the terms of the merger agreement, ReShape will acquire Obalon in an all-stock transaction, pursuant to which Obalon will be renamed ReShape Lifesciences Inc.
  • 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.

MVP Holdings Inc. readies for impending Reverse Merger with Significant Outstanding Share Reduction

Retrieved on: 
Tuesday, January 26, 2021
Airlines, Aviation, American Airlines Group, US Airways, Reverse takeover, Mergers and acquisitions, Human activities

MVP Holdings Inc., also has plans in place to reduce the Outstanding Shares another 15,000,000 shares down to approximately 35,000,000 before the impending reverse merger planned for completion by Q3 of 2021.

Key Points: 
  • MVP Holdings Inc., also has plans in place to reduce the Outstanding Shares another 15,000,000 shares down to approximately 35,000,000 before the impending reverse merger planned for completion by Q3 of 2021.
  • MVP Holdings CEO, Mr. Casey Musick, stated today that, We are steadily working towards moving our company closer to current status on the OTC.
  • These are extremely exciting times and I am incredibly please to be able to reduce the outstanding share capital so significantly.
  • Our impending reverse merger will be officially announced with details within the next 90 days.

Playboy Enterprises, Inc. and Mountain Crest Acquisition Corp Participate in SPACInsider-ICR Webinar on January 29th at 12pm ET

Retrieved on: 
Tuesday, January 26, 2021
Corporate finance, Finance, Money, Private equity, Special-purpose acquisition company, Economy, Playboy Enterprises, Mergers and acquisitions, SPAC, Reverse takeover

As part of the deal, Playboy will retain its highly experienced management team, led by CEO Ben Kohn, to lead the Companys strategic transformation.

Key Points: 
  • As part of the deal, Playboy will retain its highly experienced management team, led by CEO Ben Kohn, to lead the Companys strategic transformation.
  • Mountain Crest Acquisition Corp is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.
  • The company provides comprehensive data covering the SPAC transaction universe, along with detailed analysis and coverage of IPO and acquisition events.
  • Mountain Crest and Playboy caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made.

Biotech Acquisition Company Announces Pricing of $200 Million Initial Public Offering

Retrieved on: 
Tuesday, January 26, 2021
Finance, Corporate finance, Money, Corporations, Mergers and acquisitions, Private equity, Special-purpose acquisition company, Consolidation, Underwriting, ING Group, Reverse takeover

New York, NY, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Biotech Acquisition Company (the Company), a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.

Key Points: 
  • New York, NY, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Biotech Acquisition Company (the Company), a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses, today announced the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit.
  • The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.
  • Biotech Acquisition Company (the Company), a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses.
  • This communication contains statements that constitute forward-looking statements, including with respect to the closing of the Companys proposed initial public offering and the anticipated use of the net proceeds from the offering.

SHAREHOLDER ALERT: WeissLaw LLP Reminds ATAC, GIK, and TPGY Shareholders About Its Ongoing Investigations

Retrieved on: 
Tuesday, January 26, 2021
Articles, Companies, Reverse takeover, ATAC, Fiduciary, New York Stock Exchange, Board of directors, Public company, Dyal

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altimar Acquisition Corp. (NYSE: ATAC) in connection with the company's proposed merger with privately-held Owl Rock Capital Group ("Owl Rock") and Dyal Capital Partners ("Dyal Capital").

Key Points: 
  • WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Altimar Acquisition Corp. (NYSE: ATAC) in connection with the company's proposed merger with privately-held Owl Rock Capital Group ("Owl Rock") and Dyal Capital Partners ("Dyal Capital").
  • ATAC will combine with Owl Rock and Dyal Capital via a reverse merger to create a single publicly-traded company.
  • Under the terms of the merger agreement, TPGY will acquire EVBox through a reverse merger, with EVBox surviving as the new publicly-traded company.
  • If you own TPGY shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/tpgy/
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