MILWAUKEE--(BUSINESS WIRE)--Ademi LLP is investigating BM Technologies (NYSE American: BMTX) for possible breaches of fiduciary duty and other violations of law in its transaction with First Carolina Bank.
Click here to learn how to join our investigation or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
In the transaction, shareholders of BM Technologies will receive $5.00 per share in an all-cash transaction with an equity value of approximately $67 million. The transaction agreement unreasonably limits competing transactions for BM Technologies by imposing a significant penalty if BM Technologies accepts a competing bid. BM Technologies insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of BM Technologies’ board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.
If you own BM Technologies common stock and wish to obtain additional information, please contact Guri Ademi either at gademi@ademilaw.com or toll-free: 866-264-3995, or here.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
