JAWS Spitfire Acquisition Corporation
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JAWS SPITFIRE MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF JAWS SPITFIRE ACQUISITION CORPORATION IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – SPFR
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of JAWS Spitfire Acquisition Corporation (NYSE: SPFR) and VELO3D, Inc. is fair to JAWS Spitfire shareholders. Assuming no public shareholders of JAWS Spitfire exercise their redemption rights, JAWS Spitfire’s existing shareholders and sponsor will own approximately 21% of the issued and outstanding shares of common stock of the combined company at closing.
The investigation concerns whether JAWS Spitfire 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 JAWS Spitfire shareholders; and (2) disclose all material information necessary for JAWS Spitfire shareholders to adequately assess and value the merger consideration. On behalf of JAWS Spitfire shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
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