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Johnson Fistel Investigates Fairness of Proposed Sale of AvidXchange Holdings to TPG Inc.

1. Johnson Fistel investigates AVDX board's fiduciary duties amidst proposed sale. 2. AVDX's sale to TPG offers shareholders $10.00 per share in cash. 3. Stock previously traded as high as $12.93 before the announcement. 4. AVDX went public at $25 on October 12, 2021.

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FAQ

Why Bearish?

The $10.00 buyout price is significantly lower than recent trading values, suggesting undervaluation. Previous historical trends indicate that stocks under pressure from investigations often experience price declines.

How important is it?

The investigation may lead to increased market scrutiny and volatility around AVDX, affecting shareholder confidence. The notable drop from the initial public offering price emphasizes the significance of these developments.

Why Short Term?

The ongoing investigation and potential shareholder dissatisfaction could lead to immediate selling pressure. Traditionally, stock reactions are swift in response to such news, impacting prices within weeks.

Related Companies

TPG
SAN DIEGO, May 07, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of AvidXchange Holdings, Inc. (NASDAQ: AVDX) breached their fiduciary duties in connection with the proposed sale of the Company to TPG Inc. (NASDAQ: TPG). On May 6, 2025, AvidXchange entered into a definitive agreement pursuant to which TPG will acquire all outstanding shares of the Company. Under the terms of the agreement, each holder of the Company’s common stock will receive $10.00 in cash per share. Over the 12-month period preceding the announcement, AvidXchange stock traded as high as $12.93. The Company went public on October 12, 2021, at $25 per share. You can click or copy and paste the following link to join this investigation: https://www.cognitoforms.com/JohnsonFistel/AvidXchangeHoldingsIncNASDAQAVDX If you are a shareholder of AvidXchange and believe the proposed buyout price is too low or you're interested in learning more about the investigation, please contact lead analyst Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, PLLP: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Colorado, and Idaho. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising.Past results do not guarantee future outcomes.Services may be performed by attorneys in any of our offices.Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP501 W. Broadway, Suite 800, San Diego, CA 92101James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471jimb@johnsonfistel.com or fjohnson@johnsonfistel.com

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