PALT Investigation: Halper Sadeh LLC Is Investigating Whether the Merger of Paltalk, Inc. Is Fair to Shareholders
NEW YORK–(BUSINESS WIRE)–Halper Sadeh LLC, an investor rights law firm, is investigating whether Paltalk, Inc.’s (NASDAQ: PALT) acquisition of Newtek Technology Solutions, Inc., a wholly owned subsidiary of NewtekOne, Inc., is fair to Paltalk shareholders.
Under the terms of the acquisition, Paltalk will acquire Newtek Technology Solutions for $4 million in cash and 4 million shares of a newly created series of preferred stock, subject to certain adjustments. In addition, NewtekOne is entitled to receive up to $5 million in earnout payments, subject to satisfying certain conditions.
Halper Sadeh encourages Paltalk 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 Paltalk 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 Paltalk shareholders; and (2) disclose all material information necessary for Paltalk shareholders to adequately assess and value the merger.
On behalf of Paltalk 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 encourages Paltalk 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].
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.
Contacts
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
