Mechanical Technology, Incorporated
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MECHANICAL TECHNOLOGY INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF MECHANICAL TECHNOLOGY, INCORPORATED IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – MKTY
August 12, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of Mechanical Technology, Incorporated (NASDAQ: MKTY) and Soluna Computing, Inc. is fair to Mechanical Technology shareholders.
The investigation concerns whether Mechanical Technology 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 Mechanical Technology shareholders; and (2) disclose all material information necessary for Mechanical Technology shareholders to adequately assess and value the merger consideration. On behalf of Mechanical Technology 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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