Philadelphia, Pennsylvania--(Newsfile Corp. - July 15, 2024) - Kaskela Law LLC announces that it is investigating SoFi Technologies, Inc. (NASDAQ: SOFI) on behalf of the company's former employees.
On May 28, 2021, Social Capital Hedosophia Holdings Corp. V ("Social Capital"), a publicly traded special purpose acquisition ("SPAC") company, announced that Social Capital's stockholders had approved of an acquisition of privately held Social Finance, Inc. ("Social Finance"). Social Capital also announced that, upon the closing of the acquisition, the combined company would be renamed SoFi Technologies, Inc. ("SoFi") and its common stock would start trading under ticker symbol NASDAQ: SOFI.
In connection with the closing of the acquisition, many of Social Finance's executives and employees had their previously held shares/stock options of privately held Social Finance converted into shares of publicly traded SoFi (NASDAQ: SOFI). The investigation seeks to determine whether this share conversion was done in a fair manner and in accordance with the securities laws, or whether former Social Finance shareholders were financially harmed in connection with the conversion.
Former Social Finance employees who had their shares/stock options of privately held Social Finance converted into publicly traded shares of SoFi (NASDAQ: PRST) are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 - 0750 or (888) 715 - 1740, or by clicking on the following link (or if necessary, by copying and pasting the link into your browser):
https://kaskelalaw.com/case/sofi-technologies/
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com.
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