1. Halper Sadeh LLC investigates PTIX's merger with Phytanix Bio Inc. 2. Investigation concerns fairness for Protagenic shareholders post-merger. 3. Investors allege violations of securities laws and fiduciary duties. 4. PTIX shareholders could gain only 35% of the merged entity. 5. Legal action may seek increased shareholder consideration and disclosures.
The investigation signals potential issues and fair value concerns. Similar cases often lead to stock value decline.
Legal scrutiny impacts shareholder confidence and perceived merger value, affecting stock price.
Immediate investor uncertainty and legal scrutiny can impact PTIX's stock price rapidly.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Protagenic Therapeutics, Inc. (NASDAQ: PTIX) and Phytanix Bio Inc. is fair to Protagenic shareholders. Upon completion of the proposed transaction, Protagenic shareholders are expected to own approximately 35% of the combined company.
Halper Sadeh encourages Protagenic 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 sadeh@halpersadeh.com or zhalper@halpersadeh.com.
The investigation concerns whether Protagenic and its board 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 Protagenic shareholders; and (2) disclose all material information necessary for Protagenic shareholders to adequately assess and value the merger consideration.
On behalf of Protagenic 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 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.