GlobalSCAPE, Inc.

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GLOBALSCAPE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF GLOBALSCAPE, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM

July 20, 2020.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of GlobalSCAPE, Inc. (NYSE: GSB) to HelpSystems, LLC for $9.50 per share is fair to GlobalSCAPE shareholders. On behalf of GlobalSCAPE shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

The investigation concerns whether GlobalSCAPE and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to: (1) obtain the best possible consideration for GlobalSCAPE shareholders; (2) determine whether HelpSystems is underpaying for GlobalSCAPE; and (3) disclose all material information necessary for GlobalSCAPE shareholders to adequately assess and value the proposed transaction.

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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