Ascendant Digital Acquisition Corp.
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ASCENDANT DIGITAL MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF ASCENDANT DIGITAL ACQUISITION CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – ACND
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Ascendant Digital Acquisition Corp. (NYSE: ACND) and Beacon Street Group, LLC is fair to Ascendant Digital shareholders. At the closing of the business combination, assuming no redemptions by Ascendant Digital’s existing public stockholders, approximately 20% of the common stock of Ascendant Digital is expected to be held by public investors, with existing Beacon Street equity holders owning the rest.
The investigation concerns whether Ascendant Digital and its board of directors 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 Ascendant Digital shareholders; and (2) disclose all material information necessary for Ascendant Digital shareholders to adequately assess and value the merger consideration. On behalf of Ascendant Digital shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
Halper Sadeh LLP 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.
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