RSVR Deal Announced: Current Reservoir Media Shareholders are Notified of the Pending $10.50 Take Private Offer and Investigation into the Board

Core Viewpoint - Reservoir Media, Inc. is under investigation for potential breaches of fiduciary duties by its board and major shareholders in relation to a proposed take-private deal at $10.50 per share, which may be considered an unfairly low price for minority shareholders [1]. Group 1: Investigation Details - Bleichmar Fonti & Auld LLP is investigating Reservoir Media's board of directors and significant shareholders Wesbild, Inc. and ER Reservoir LLC regarding the proposed take-private sale [1]. - The proposed acquisition price of $10.50 per share was announced on March 4, 2026, by ER Reservoir LLC and Wesbild Inc., who collectively own 65% of Reservoir Media's stock [1]. - The investigation aims to determine if the proposed price is unfairly low and if the board and controlling shareholders are breaching their fiduciary duties to minority stockholders [1]. Group 2: Shareholder Actions - Current shareholders of Reservoir Media are encouraged to seek additional information and may have legal options available to them [1]. - The law firm operates on a contingency fee basis, meaning shareholders will not incur costs for court expenses or litigation [1]. - Shareholders can submit their information to the firm for potential representation [1].