FinTech Acquisition Corp. V
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FINTECH ACQUISITION MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF FINTECH ACQUISITION CORP. V IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – FTCV
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of FinTech Acquisition Corp. V (NASDAQ: FTCV) and eToro Group Ltd. is fair to FinTech Acquisition shareholders. Existing eToro equity holders will remain the largest investors in the combined company retaining approximately 91% ownership immediately following the business combination (assuming no redemptions by FinTech V’s stockholders).
The investigation concerns whether FinTech Acquisition 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 FinTech Acquisition shareholders; and (2) disclose all material information necessary for FinTech Acquisition shareholders to adequately assess and value the merger consideration. On behalf of FinTech Acquisition 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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