WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of administrators of Jernigan Capital, Inc. in reference to the proposed acquisition of the company by an affiliate of NexPoint Advisors, L. P. Under the terms of the acquisition contract, holders of JCAP’s common stock will acquire $17. 30 in cash for each share of JCAP that they own, while holders of the business’s series B Preferred stock will receive $25.
00 in cash, nearly $8. 00 per share more than common shareholders. If you own JCAP shares and want to talk about this investigation or your rights, please call us at one of the crucial numbers listed above or visit our online page: WeissLaw LLP is investigating feasible breaches of fiduciary duty and other violations of law by the board of administrators of Trine Acquisition Corp. NYSE: TRNE in reference to the enterprise’s proposed merger with privately held Desktop Metal, Inc. “Desktop Metal”. Under the terms of the merger agreement, TRNE will purchase Desktop Metal through a opposite merger which will bring about Desktop Metal turning into a publicly listed enterprise.
The deal has a pro forma equity value of about $2. 5 billion. At closing, present TRNE shareholders and new PIPE investors will own 33% of the combined company, with the remaining share majority owned by Desktop Metal’s existing shareholders.