Shareholder Alert: Ademi LLP investigates whether The First Bancshares, Inc. has obtained a Fair Price for its Public Shareholders

Core Viewpoint - Ademi LLP is investigating The First for potential breaches of fiduciary duty and other legal violations related to its transaction with Renasant [1][3]. Transaction Details - The First shareholders will receive one share of Renasant common stock for each share of The First common stock, with an implied transaction value of approximately $37.09 per share, totaling around $1.2 billion [2]. - All options of The First will be cashed out at their in-the-money value at closing [2]. Board Conduct and Shareholder Rights - The transaction agreement restricts competing offers for The First by imposing significant penalties for accepting alternative bids, raising concerns about the board's fiduciary duties [3]. - The First insiders are expected to receive substantial benefits as part of change of control arrangements [3].