INVESTOR ALERT: The M&A Class Action Firm Investigates the Merger of Aerovate Therapeutics, Inc. – AVTE
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Monteverde & Associates PC is investigating the merger between Aerovate Therapeutics, Inc. and Jade Biosciences. Aerovate shareholders will own 1.6% of the new entity, while Jade shareholders will own 98.4%.
November 06, 2024 | 12:00 am
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Aerovate Therapeutics is under investigation by Monteverde & Associates for its merger with Jade Biosciences. Aerovate shareholders will hold a minor stake in the new company.
The investigation by a class action firm into the merger terms suggests potential legal or financial issues, which could negatively impact AVTE's stock price. The small ownership stake for Aerovate shareholders in the new entity may also be seen unfavorably.
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