Core Viewpoint - The Ademi Firm is investigating Katapult for potential breaches of fiduciary duty and legal violations related to its transaction with The Aaron's Company Inc. and CCF Holdings LLC [1] Group 1: Transaction Details - Katapult shareholders will hold 6% of the combined company on a fully diluted basis, while Aaron's and CCF Holdings stakeholders will own the remaining shares [2] - Katapult insiders are set to receive significant benefits as part of the change of control arrangements [2] Group 2: Investigation Focus - The transaction agreement imposes a significant penalty on Katapult if it accepts a competing bid, which may limit competing transactions unreasonably [3] - The investigation is centered on the conduct of Katapult's board of directors and whether they are meeting their fiduciary duties to all shareholders [3]
Shareholder Alert: The Ademi Firm investigates whether Katapult Holdings Inc. is obtaining a Fair Price for its Public Shareholders