SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation Regarding Whether the Merger of Spring Bank Pharmaceuticals, Inc. and F-Star Therapeutics, Limited is Fair to SBPH Shareholders
New York, New York--(Newsfile Corp. - July 30, 2020) - The following statement is being issued by Levi & Korsinsky, LLP:
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To: All Persons or Entities who purchased Spring Bank Pharmaceuticals, Inc. ("Spring Bank" or the "Company") (NASDAQ: SBPH) stock prior to July 29, 2020.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Spring Bank with F-Star Therapeutics, Limited ("F-Star"). Under the terms of the merger, Spring Bank will issue shares of common stock to the owners of F-Star, with current holders of Spring Bank common stock controlling approximately 39% of the combined company. Following the closing of the proposed merger, the combined company will be re-named F-Star Therapeutics, Inc. and trade under the ticker symbol "FSTX." To learn more about the action and your rights, go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Spring Bank merger investigation concerns whether the Board of Spring Bank breached their fiduciary duties to stockholders by agreeing to enter into this transaction and whether the merger undervalues Spring Bank relative to F-Star, thereby harming Spring Bank shareholders.
Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/60827