NEW YORK, July 6, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Revolution Acceleration Acquisition Corp («RAAC» or the «Company») (NASDAQ: RAAC) in connection with the Company’s proposed merger with Berkshire Grey («Berkshire«), a privately-held developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishments, and logistics. Under the terms of the merger agreement, RAAC will acquire Berkshire through a reverse merger that will result in Berkshire becoming a publicly-listed robotics and automation solutions company. The transaction reflects a post-transaction equity value of approximately $2.7 billion for the combined company.
If you own RAAC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw LLP is investigating whether RAAC’s board acted in the best interest of RAAC’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Berkshire, and whether all information regarding the valuation of the transaction will be fully and fairly disclosed to RAAC’s public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
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SOURCE WeissLaw LLP