Guardian Metal Resources Plc press release

Lifshitz Law PLLC Announces Investigations of ALTM, INSI, VIRI, and NAPA

2024-10-29

OTC - OTC Markets · United Kingdom

NEW YORK, NY / ACCESSWIRE / October 28,2024 / Arcadium Lithium plc (NYSE:ALTM)

Lifshitz Law PLLCannounces an investigation into possible breach of fiduciary duties in connection with the acquisition of ALTM by Rio Tinto. Under the terms of the definitive agreement, Rio Tinto will acquire ALTM in an all-cash transaction for US$5.85 per share. The transaction represents a premium of 90% to ALTM's closing price of $3.08 per share on 4 October 2024, a premium of 39% to ALTM's volume-weighted average price (VWAP) since ALTM was created on 4 January 2024, and values ALTM's diluted share capital at approximately $6.7 billion, including conversion of all outstanding convertible senior notes due 2025.

If you are an ALTM investor and would like additional information about our investigation, please complete the Information Request Formor contactJoshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail atinfo@lifshitzlaw.com.

Insight Select Income Fund (NYSE:INSI)

Lifshitz Law PLLCannounces an investigation into possible breach of fiduciary duties in connection with the acquisition of INSI by KKR Income Opportunities Fund. Under the terms of the definitive agreement, shareholders of INSI will receive shares of KKR Income Opportunities Fund and may elect to receive up to 5% of the consideration in cash. In connection with the acquisition, KKR Income Opportunities Fund will offer a waiver on its management fees to all shareholders that would decrease the fee from 1.10% to 0.99% for the 12-month period after the acquisition. Following the close of the transaction, INSI will no longer have its shares listed on any public market.

If you are an INSI investor and would like additional information about our investigation, please complete the Information Request Formor contactJoshua Lifshitz, Esq.by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.

Virios Therapeutics, Inc. (NASDAQ:VIRI)

Lifshitz Law PLLCannounces an investigation into possible breach of fiduciary duties in connection with the definitive share exchange agreement between VIRI and Sealbond Limited, an indirect parent of Wex Pharmaceuticals, Inc., pursuant to which the companies will combine in an all-stock transaction. In connection with the combination, VIRI is announcing a reverse split of 25-for-1, resulting in outstanding shares of common stock of 1,110,317 prior to the issuance of shares pursuant to the share exchange agreement. The 25-for-1 reverse stock split will automatically result in the conversion of 25 current shares of the VIRI's common stock into one new share of common stock. No fractional shares will be issued in connection with the reverse stock split. In lieu thereof, each stockholder who would be entitled to receive a fractional share will be entitled to receive a cash payment equal to the fair market value of such fractional share. Under the definitive agreement, the combined company's new name will be Dogwood Therapeutics, Inc. VIRI's common stock will cease trading under the ticker symbol "VIRI" and begin trading on the Nasdaq Capital Market under the ticker symbol "DWTX."

If you are a VIRI investor and would like additional information about our investigation, please complete the Information Request Formor contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail atinfo@lifshitzlaw.com.

The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Lifshitz Law PLLCannounces an investigation into possible breach of fiduciary duties in connection with the acquisition of NAPA by Butterfly Equity. Under the terms of the definitive agreement, NAPA will be acquired by private equity funds managed by Butterfly in an all-cash transaction that values NAPA at approximately $1.95 billion. NAPA stockholders will receive $11.10 per share in cash, representing a premium of approximately 65.3% to the volume weighted average share price of NAPA's common stock over the 90-day trading period ending on October 4, 2024. Following the completion of the transaction, NAPA will become a privately held company.

If you are a NAPA investor and would like additional information about our investigation, please complete the Information Request Formor contactJoshua Lifshitz, Esq.by telephone at (516)493-9780 or e-mail at info@lifshitzlaw.com.

_ATTORNEY ADVERTISING._© 2024 Lifshitz Law PLLC. The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516) 493-9780. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact:

Joshua M. Lifshitz, Esq. Lifshitz Law PLLC Phone: 516-493-9780 Facsimile: 516-280-7376 Email:info@lifshitzlaw.com

SOURCE: Lifshitz Law Firm

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