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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors AST SpaceMobile, Inc - ASTS

NEW YORK, May 11, 2021 /PRNewswire/  Pomerantz LLP is investigating claims on behalf of investors of  AST SpaceMobile, Inc. ( AST or the Company ) (NASDAQ: ASTS).  Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980. The investigation concerns whether AST and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  - Advertisement - On April 30, 2021, post-market, AST stated in a U.S. Securities and Exchange Commission ( SEC ) filing that certain of its previously issued financial statements would need to be restated and should no longer be relied upon.  Specifically, AST noted that on April 12, 2021, the Acting Chief Accountant and Acting Director of the Division of Corporation Finance of the Securities and Exchange Commission . . . released the Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special Pur

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors AST SpaceMobile, Inc

Share this article Share this article NEW YORK, May 11, 2021 /PRNewswire/  Pomerantz LLP is investigating claims on behalf of investors of  AST SpaceMobile, Inc. ( AST or the Company ) (NASDAQ: ASTS).  Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether AST and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  On April 30, 2021, post-market, AST stated in a U.S. Securities and Exchange Commission ( SEC ) filing that certain of its previously issued financial statements would need to be restated and should no longer be relied upon.  Specifically, AST noted that on April 12, 2021, the Acting Chief Accountant and Acting Director of the Division of Corporation Finance of the Securities and Exchange Commission . . . released the Staff Statement on Accounting and Reporting Considerations for Warrants Issued by Special P

It Was Only a Matter of Time: SPAC Meets Business Divorce | Farrell Fritz, P C

Section 7.02(b) did not survive the dissolution of Forum Capital; Section 7.02(b) was intended to prohibit a member or manager “from participating in another SPAC without the other parties’ permission because doing so while the current deal was ongoing could have harmed the [FMC I] SPAC”; “Once the [FMC I] SPAC was successfully completed and Forum Capital wound up, Section 7.02(b) became moot”; Vogel’s interpretation of Section 7.02(b) is “absurd and unenforceable as a matter of public policy” because it “serves no legitimate business interest.” Vogel’s suit was barred under Delaware’s doctrine of election of remedies based on Vogel’s admission in his complaint that he participated in a SPAC organized by a third party after Kiev and Boris informed him they were moving forward with a second SPAC without Vogel’s consent; and

Comment Deadline Set For SEC Universal Proxy Card Proposal - Corporate/Commercial Law

Special purpose acquisition companies ( SPACs ), it seems, are everywhere. SPACs have been around for decades Mintz Between 2019 and 2020, there was a 536% increase in the amount of capital raised by special purpose acquisition companies (SPACs). Schnader Harrison Segal & Lewis LLP The Corporate Transparency Act (the Act ) was enacted by Congress on January 1, 2021 as part of the National Defense Authorization Act, overriding then-President Trump s earlier veto. K&L Gates In Stream TV Networks, Inc. v. SeeCubic, Inc., C.A. No. 2020-0310-JTL (Del. Ch. Dec. 8, 2020), the Court of Chancery of the State of Delaware (the Court ) ruled that all RELATED   CONTENT

China firms tap virus-driven liquidity to raise record US$148b in equity deals

Next week, the mainland s JD Logistics Inc is expected to kick off its Hong Kong listing to raise at least $3 billion, the latest in a list of billion-dollar IPOs in the financial hub. HONG KONG: Chinese companies raised a record $148 billion through global equity capital markets in the first four months of 2021, data showed, as they tapped the ample cash available with investors due to the coronavirus pandemic. That was more than double the sum they garnered from equity markets in the year-ago period and accounted for a fifth of all equity capital raising deals this year, according to data from Refinitiv.

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