STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Paltalk, Inc. – PALT
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Monteverde & Associates PC is investigating the merger of Paltalk, Inc. with Newtek Technology Solutions, Inc. Paltalk will pay $4 million in cash and issue 4 million shares of a new preferred stock to Newtek.
November 06, 2024 | 9:15 pm
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Paltalk, Inc. is under investigation by Monteverde & Associates PC regarding its merger with Newtek Technology Solutions. The deal involves a $4 million cash payment and issuance of 4 million preferred shares.
The investigation by a reputable class action firm could raise concerns among investors about the merger's fairness and terms. However, the specifics of the investigation's impact on the stock price are uncertain, leading to a neutral short-term outlook.
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