StockNews.AI
KNW
StockNews.AI
5 days

KNOW LABS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Know Labs, Inc. - KNW

1. KSF investigates proposed sale of Know Labs to Goldeneye 1995 LLC. 2. Transaction involves 1,000 Bitcoin and a cash sum for equity retirement. 3. Concerns raised about whether sale undervalues Know Labs. 4. KSF encourages stakeholders to discuss their legal rights regarding the sale.

3 mins saved
Full Article

FAQ

Why Bearish?

The investigation into the sale suggests potential undervaluation, negatively affecting market sentiment.

How important is it?

The investigation could influence KNW's stock price, indicating a significant potential impact.

Why Short Term?

Immediate concerns regarding the sale process and valuation could deter investors temporarily.

Related Companies

BTCGOLD
- 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 Know Labs, Inc. (NYSE: KNW) to Goldeneye 1995 LLC (“Buyer”). Under the terms of the proposed transaction, the Buyer will acquire that number of shares of the Company’s common stock obtained by dividing (i) the sum of 1,000 Bitcoin and a cash sum to retire existing debt, redeem outstanding preferred equity and provide additional working capital, by (ii) the per share purchase price of $0.335. 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/nyse-knw/ to learn more. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com. CONNECT WITH US: Facebook || Instagram || YouTube || TikTok || LinkedIn More News From Kahn Swick & Foti, LLC

Related News