GDOT Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Proposed Sale of Green Dot Corporation

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of Green Dot Corporation, which involves a cash payment of $8.11 per share and shares in a new bank holding company [1] Group 1: Proposed Sale Details - Green Dot shareholders will receive $8.11 in cash and 0.2215 shares of a new publicly traded bank holding company [1] - Smith Ventures will acquire Green Dot's non-bank financial technology business assets, which will operate independently [1] Group 2: Shareholder Value Assessment - Green Dot's CFO estimated the value for shareholders at approximately $14.23 per share following the deal announcement [2] - Analyst Mike Arnold previously projected Green Dot's stock price could rise to $30.00 per share due to recent partnerships and successes in embedded finance [2] Group 3: Analyst Opinions - Analyst Mike Arnold criticized the proposed sale as a "horrible deal" and suggested that it should be rejected by shareholders [3]