Fortune Rise Acquisition Corporation
If you purchased Fortune Rise Acquisition Corporation securities and would like to join the action, please click "Join This Action" below.
HALPER SADEH LLC ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF FORTUNE RISE ACQUISITION CORPORATION IS FAIR TO SHAREHOLDERS
May 2, 2022.
New York, New York—Halper Sadeh LLC, a global investor rights law firm, is investigating whether the merger of Fortune Rise Acquisition Corporation (NASDAQ: FRLA), VCV Power Sigma, Inc., and VCV Power Gamma, Inc. is fair to Fortune Rise shareholders.
The investigation concerns whether Fortune Rise 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 Fortune Rise shareholders; and (2) disclose all material information necessary for Fortune Rise shareholders to adequately assess and value the merger consideration. On behalf of Fortune Rise 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.
Attorney Advertising. Prior results do not guarantee a similar outcome.