Spirit of Texas Bancshares, Inc.

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STXB MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF SPIRIT OF TEXAS BANCSHARES, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – STXB

November 19, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Spirit of Texas Bancshares, Inc. (NASDAQ: STXB) to Simmons First National Corporation is fair to Spirit shareholders. Under the terms and subject to the conditions of the merger agreement, shares of Spirit’s common stock and Spirit’s restricted stock units will be converted into the right to receive shares of Simmons’ common stock, and Spirit’s stock options and warrants will be cashed out.

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