NewHold Investment Corp.
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NEWHOLD INVESTMENT MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF NEWHOLD INVESTMENT CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – NHIC
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of NewHold Investment Corp. (NASDAQ: NHIC) and Evolv Technology is fair to NewHold Investment shareholders. Assuming no trust account redemptions by NewHold Investment’s public stockholders, Evolv’s existing stockholders will own approximately 72% of the fully diluted shares of common stock of the combined company immediately following the closing of the business combination.
The investigation concerns whether NewHold Investment 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 NewHold Investment shareholders; and (2) disclose all material information necessary for NewHold Investment shareholders to adequately assess and value the merger consideration. On behalf of NewHold Investment 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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