QAD Inc.

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QADA MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF QAD INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – QADA

June 28, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of QAD Inc. (NASDAQ: QADA) to Thoma Bravo for $87.50 per share of QAD Class A Common Stock or QAD Class B Common Stock in cash is fair to QAD shareholders.

The investigation concerns whether QAD 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 QAD shareholders; (2) determine whether Thoma Bravo is underpaying for QAD; and (3) disclose all material information necessary for QAD shareholders to adequately assess and value the merger consideration. On behalf of QAD 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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