Berkeley Lights, Inc.
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BLI STOCK ALERT: HALPER SADEH LLC IS INVESTIGATING WHETHER THE MERGER OF BERKELEY LIGHTS, INC. IS FAIR TO SHAREHOLDERS
December 21, 2022.
New York, New York—Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Berkeley Lights, Inc. (NASDAQ: BLI) and Isoplexis Corporation is fair to Berkeley shareholders. Under the terms of the agreement, IsoPlexis shareholders will receive 0.612 shares of Berkeley stock for each IsoPlexis share they hold. Following the close of the transaction, Berkeley shareholders will own approximately 75.2% of the combined company.
The investigation concerns whether Berkeley 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 Berkeley shareholders; and (2) disclose all material information necessary for Berkeley shareholders to adequately assess and value the merger consideration. On behalf of Berkeley shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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.
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