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ELEVATION ONCOLOGY INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Elevation Oncology, Inc. - ELEV

1. Former AG investigates Elevation's sale to Concentra Biosciences. 2. Shareholders to receive $0.36 per share plus contingent value rights. 3. KSF examines if the sale undervalues Elevation Oncology. 4. Transaction structured as a tender offer; urgency noted. 5. Potential shareholder dissatisfaction may impact stock valuation.

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FAQ

Why Neutral?

The proposed sale price is low at $0.36 compared to historical highs but offers contingent rights. Historical examples show investor reactions to undervalued sales often stabilize after initial volatility.

How important is it?

Investigation into the adequacy of the sale could lead to legal implications affecting share price. The sale's valuation directly ties to investor sentiment and market perception, thus having a calculated impact.

Why Short Term?

In the immediate term, investor reactions and potential legal challenges can create volatility. Long-term implications depend on the company's growth post-sale and how it manages the contingent rights.

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CNCEACAD
- NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Elevation Oncology, Inc. (NasdaqCM: ELEV) to Concentra Biosciences, LLC. Under the terms of the proposed transaction, shareholders of Elevation will receive $0.36 in cash per share, plus one non-tradeable contingent value right representing the right to receive: (i) 100% of the closing net cash in excess of $26.4 million; and (ii) 80% of any net proceeds received within five years following closing from any disposition of EO-1022 that occurs within one year following closing. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-elev/ to learn more. Please note that the transaction is structured as a tender offer, such that time may be of the essence. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. More News From Kahn Swick & Foti, LLC

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