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MOXIAN MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF MOXIAN, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM
August 27, 2020.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether Moxian, Inc. (NASDAQ: MOXC) and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with Moxian’s proposed merger with Btab Group Inc.
Pursuant to the agreement, Moxian will issue approximately 59 million new shares of common stock and 50 million of Class A preferred stock with restrictive voting rights, in exchange for the entire equity of Btab. Following the merger, the current shareholders of Moxian will control approximately 20% of the enlarged equity. The agreement is subject to various conditions, including the approval of Moxian shareholders.
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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