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INTELLIA INVESTIGATION ALERT: Bragar Eagel & Squire, P.C. is Investigating Intellia Therapeutics, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
GlobeNewswire News Room· 2025-07-31 23:13
Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Intellia Therapeutics, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specific class period [1][2]. Group 1: Legal Investigation - The investigation is focused on long-term stockholders of Intellia who purchased shares between July 30, 2024, and January 8, 2025 [1]. - A class action complaint was filed on February 11, 2025, concerning the company's disclosures related to its NTLA-3001 study for treating AATD-associated lung disease [2]. Group 2: Company Developments - Intellia's management announced a halt to all NTLA-3001 research and a workforce reduction of 27% in 2025, indicating a strategic shift in resource allocation [3]. - The decision to discontinue NTLA-3001 was attributed to a decline in demand for viral-based editing methods, as non-viral delivery methods gained preference in the scientific community [2][3]. Group 3: Market Reaction - Following the announcement of the reorganization and discontinuation of NTLA-3001, Intellia's stock price dropped from $12.02 per share on January 8, 2025, to $10.20 per share on January 10, 2025 [4].
ContextLogic Urges ALL Stockholders to Protect the Value of their Investment by Voting “FOR” the Reorganization TODAY
GlobeNewswire News Room· 2025-07-17 12:00
Core Viewpoint - ContextLogic Inc. is urging stockholders to vote "FOR" the proposed reorganization plan at the upcoming Annual Meeting scheduled for July 24, 2025, emphasizing the importance of this vote to protect the value of their investments and the company's net operating losses (NOLs) [1][2][3]. Group 1: Reorganization Proposal - The Reorganization is deemed the best path forward to preserve and maximize value for stockholders, particularly in maintaining the long-term value of the company's NOLs, which can help reduce future income tax liabilities [3]. - Approximately 99% of the shares voted have been in favor of the Reorganization, indicating strong support among stockholders [3]. Group 2: Voting Process - Stockholders can vote by phone, email, or online, with the new electronic voting deadline set for 11:59 p.m. Eastern Time on July 23, 2025 [4]. - The company emphasizes that failing to vote will have the same effect as voting "against" the Reorganization, thus urging all stockholders to participate [2][3]. Group 3: Company Overview - ContextLogic Inc. is a publicly traded company focused on developing a new business model and financing potential future acquisitions that complement its operations [5].