SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into the Fairness of the Merger of Tuscan Holdings Corp. with Microvast Inc.

February 18, 2021 3:20 PM EST | Source: Levi & Korsinsky, LLP

New York, New York--(Newsfile Corp. - February 18, 2021) - The following statement is being issued by Levi & Korsinsky, LLP:

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/7091/74869_0b43f0ed84b55b7d_001full.jpg

To: All Persons or Entities who purchased Tuscan Holdings Corp. ("Tuscan" or the "Company") (NASDAQ: THCB) stock prior to February 1, 2021.

You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Tuscan with Microvast, Inc., a leading global provider of next-generation battery technologies for commercial and specialty vehicles. Under the terms of the agreement, Tuscan shareholders will retain ownership of only 9% of the combined company. The investigation concerns whether the Tuscan Board breached its fiduciary duties to shareholders by failing to conduct a fair process. To learn more about the action and your rights, go to:

https://www.zlk.com/mna2/tuscan-holdings-corp-information-request-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

The Tuscan merger investigation concerns whether the Board of Tuscan has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.

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.

CONTACT:

Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74869

info