NEW YORK, NY / ACCESSWIRE / June 29, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of GRIID Infrastructure Inc. (NASDAQ: GRDI) to CleanSpark Inc. is fair to GRIID shareholders. Under the terms of the proposed transaction, GRIID shareholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as of the closing date of the proposed transaction.
Halper Sadeh encourages GRIID shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether GRIID and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for GRIID shareholders; (2) determine whether CleanSpark is underpaying for GRIID; and (3) disclose all material information necessary for GRIID shareholders to adequately assess and value the merger consideration.
On behalf of GRIID shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
SOURCE: Halper Sadeh LLC