Ignyte Acquisition Corp.

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HALPER SADEH LLC ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF IGNYTE ACQUISITION CORP. IS FAIR TO SHAREHOLDERS

April 28, 2022.

New York, New York—Halper Sadeh LLC, a global investor rights law firm, is investigating whether the merger of Ignyte Acquisition Corp. (NASDAQ: IGNY) and Peak Bio Co., Ltd. is fair to Ignyte shareholders.

The investigation concerns whether Ignyte 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 Ignyte shareholders; and (2) disclose all material information necessary for Ignyte shareholders to adequately assess and value the merger consideration. On behalf of Ignyte 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.

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