You had to know this was coming .... Info only
BALA CYNWYD, Pa., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.
Exro Technologies Inc. (OTC - EXROF)
Under the terms of the agreement, Exro Technologies will merge with SEA Electric Inc. ("SEA Electric"). Immediately following the closing of the Transaction, Exro shareholders will own an approximate 34.5% economic stake in the combined company and S EA Electric shareholders will own an approximate 65.5% economic stake in the combined company. The investigation concerns whether the Exro Technologies Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to Exro Technologies shareholders in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/exro-technologies-inc-otc-exrof/.
Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.