1. Former Louisiana Attorney General investigates SGN and One Blockchain merger. 2. SGN shareholders may hold 8.5% in the new entity after merger completion. 3. KSF seeks to ensure fairness in merger process for SGN shareholders.
Investigations can indicate concerns over potential deal inadequacies, historically impacting stock value negatively.
Shareholder investigations often precede market reactions influenced by merger fears or potential value loss.
The investigation may lead to uncertainty and stock volatility until resolved.
NEW YORK CITY & 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 merger of Signing Day Sports, Inc. (NYSE: SGN) and One Blockchain LLC. Upon closing of the proposed transaction, Signing Day shareholders are expected to own approximately 8.5% of the combined company. KSF is seeking to determine whether the merger and the process that led to it are adequate, or whether the merger is fair to Signing Day shareholders.
If you would like to discuss your legal rights regarding the proposed transaction, 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-sgn/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
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