NEW YORK, NY / ACCESSWIRE / August 19, 2024 / Lifshitz Law Firm
Forza X1, Inc. (NASDAQ:FRZA)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger agreement between Twin Vee Powercats Co. and FRZA, for an all-stock transaction pursuant to which FRZA will merge with and into a wholly owned subsidiary and survive the merger. Under the terms of the merger agreement, each holder of FRZA common stock (other than Twin Vee) will receive 0.61166627 shares of Twin Vee common stock in exchange for each share of FRZA common stock that they own on the effective date of the merger for a maximum of 5,355,000 shares of Twin Vee common stock (no fractional shares will be issued) and the 7,000,000 shares of FRZA common stock held by Twin Vee will be canceled.
If you are an FRZA investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].
Paltalk, Inc. (NASDAQ:PALT)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the definitive agreement between PALT and NewtekOne, Inc., pursuant to which PALT will acquire NewtekOne's wholly owned subsidiary Newtek Technology Solutions, Inc. Under the terms of the transaction agreement, PALT has agreed to pay to NewtekOne at the closing of the Newtek Technology Solutions sale: (i) $4,000,000 in cash, subject to certain purchase price adjustments (the "Cash Consideration"), and (ii) issue to NewtekOne 4,000,000 shares of a newly created series of PALT non-voting preferred stock, the Series A Non-Voting Common Equivalent Stock (the "Preferred Stock") (the "Stock Consideration" and together with the Cash Consideration, the "Closing Consideration"). Upon the occurrence of certain specified transfers of the Preferred Stock, each share of Preferred Stock will automatically convert into one share of common stock of PALT, subject to certain anti-dilution adjustments. In addition to the Closing Consideration, the Company may be entitled to receive an earn-out amount of up to $5,000,000, payable in cash or Preferred Stock (or a combination thereof, determined in PALT's discretion), based on the achievement of certain cumulative average Adjusted EBITDA thresholds for the 2025 and 2026 fiscal years.
If you are a PALT investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].
Revance Therapeutics, Inc. (NASDAQ:RVNC)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger between RVNC and Crown Laboratories, Inc. Under the terms of the transaction agreement, Crown Laboratories will commence a tender offer to acquire all outstanding shares of RVNC's common stock for $6.66 per share in cash, representing a total enterprise value of $924 million. The purchase price represents a premium of 89% over RVNC's closing market price on August 9, 2024, and a 111% premium to RVNC's 60-day volume-weighted average price.
If you are a RVNC investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].
Iteris, Inc. (NASDAQ:ITI)
Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the acquisition of ITI by Almaviva S.p.A. Under the terms of the merger agreement, ITI shareholders will receive $7.20 in cash for each share of ITI common stock. The all-cash transaction values ITI at approximately $335 million equity value.
If you are a ITI investor and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected].
ATTORNEY ADVERTISING.© 2024 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.
Contact:
Joshua M. Lifshitz, Esq.
Lifshitz Law PLLC
Phone: 516-493-9780
Facsimile: 516-280-7376
Email: [email protected]
SOURCE: Lifshitz Law Firm