TWC Tech Holdings II Corp.
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TWC TECH MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE MERGER OF TWC TECH HOLDINGS II CORP. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – TWCT
April 28, 2021.
New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of TWC Tech Holdings II Corp. (NASDAQ: TWCT) and Cellebrite DI Ltd. is fair to TWC Tech shareholders. As a result of the transaction, Cellebrite will become a publicly listed company on the NASDAQ and the pro forma implied equity value of Cellebrite post-merger is expected to be approximately $2.4 billion.
The investigation concerns whether TWC Tech 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 TWC Tech shareholders; and (2) disclose all material information necessary for TWC Tech shareholders to adequately assess and value the merger consideration.
On behalf of TWC Tech 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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