BALA CYNWYD, Pa., Oct. 04, 2022 (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.
Poshmark, Inc. (Nasdaq – POSH)
Under the terms of the agreement, Poshmark will be acquired by Naver Corp. (“Naver”). Naver will acquire all of the issued and outstanding shares of Poshmark for $17.90 in cash, representing an enterprise value of approximately $1.2 billion. The investigation concerns whether the Poshmark Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Naver is paying too little for the Company. For example, the deal consideration is below the 52-week high of $27.34 for the Company’s shares.
Additional information can be found at https://www.brodskysmith.com/cases/poshmark-inc-nasdaq-posh/.
First Eagle Alternative Capital BDC, Inc. (Nasdaq – FCRD)
Under the terms of the merger agreement, First Eagle BDC will be acquired by Crescent Capital BDC, Inc. (“Crescent BDC”) (Nasdaq - CCAP). On a market value basis, based on the closing stock price of Crescent BDC common stock on October 3, 2022 ($14.89 per share), the transaction represents total consideration for First Eagle BDC stockholders of approximately $145.6 million or $4.86 per share. The investigation concerns whether the First Eagle BDC Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether Crescent BDC is paying too little for the Company. .
Additional information can be found at https://www.brodskysmith.com/cases/first-eagle-alternative-capital-bdc-inc-nasdaq-fcrd/.
AeroClean Technologies (Nasdaq – AERC)
Under the terms of the agreement, AeroClean will merge with Molekule, Inc. (“Molekule”). AeroClean stockholders will own 50.5%, and Molekule stockholders will own 49.5%, of the outstanding common equity of the combined company on a pro forma basis upon consummation of the merger. AeroClean will change its name and ticker symbol to Molekule, Inc. (Nasdaq - MKUL) upon consummation of the merger. The investigation concerns whether the AeroClean Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to shareholders in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/aeroclean-technologies-nasdaq-aerc/.
Talos Energy Inc. (NYSE - TALO)
Under the terms of the agreement, consideration for the transaction consists of 43.8 million Talos shares and $212.5 million in cash, plus the assumption of EnVen's net debt upon closing, currently estimated at approximately $50.0 million at year-end 2022. Following the transaction, Talos shareholders will own approximately 66% of the pro forma company and EnVen's equity holders will own the remaining 34%. The investigation concerns whether the Talos Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution to the Company’s shareholders in the combined company.
Additional information can be found at https://www.brodskysmith.com/cases/talos-energy-inc-nyse-talo/.
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.
