Investigation announced for Investors of Ascendant Digital Acquisition Corp. (NYSE: ACND) over Takeover

An investigation was announced concerning whether the takeover of Ascendant Digital Acquisition Corp. is unfair to NYSE: ACND stockholders.

Investors who purchased shares of Ascendant Digital Acquisition Corp. (NYSE: ACND) and currently hold any of those Ascendant Digital Acquisition Corp. (NYSE: ACND shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Ascendant Digital Acquisition Corp. breached their fiduciary duties owed to NYSE: ACND investors in connection with the proposed acquisition.

On March 2, 2021, Beacon Street Group, LLC and Ascendant Digital Acquisition Corp. (NYSE: ACND) announced that they have entered into a business combination agreement which will result in Beacon Street becoming a publicly traded company. Under the terms of the agreement, Ascendant Digital Acquisition Corp. (NYSE: ACND) shareholders will retain ownership of only 13% of the combined company.

However, the investigation concerns whether the offer is unfair to NYSE: ACND stockholders. More specifically, the investigation concerns whether the Ascendant Digital Acquisition Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.

Those who are current investors in Ascendant Digital Acquisition Corp. (NYSE: ACND) shares have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.