Monteverde law firm said it is investigating Stable Road relating to its proposed merger with Momentus. Under the terms of the agreement, Stable Road shareholders would own approximately 25% of the combined company.
The investigation focuses on whether Stable Road and its board “violated securities laws and/or breached their fiduciary duties to the company by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company, and 3) whether all material information has been disclosed to shareholders,” the law firm said. Read more.
