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Investigation announced for Investors in Harvest Capital Credit Corporation (NASDAQ: HCAP) over Takeover

03-26-2021 04:00 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors of Harvest Capital Credit Corporation (NASDAQ: HCAP).

An investigation on behalf of investors of Harvest Capital Credit Corporation (NASDAQ: HCAP).

An investigation was announced concerning whether the takeover of Harvest Capital Credit Corporation is unfair to Harvest Capital Credit Corporation (NASDAQ: HCAP stockholders.

Investors who purchased shares of Harvest Capital Credit Corporation (NASDAQ: HCAP) and currently hold any of those NASDAQ: HCAP 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 Harvest Capital Credit Corporation breached their fiduciary duties owed to NASDAQ: HCAP investors in connection with the proposed acquisition.

New York based Harvest Capital Credit Corporation is a business development company providing structured credit to small businesses and specializing in leveraged buyouts, add-on acquisitions, recapitalizations, growth financings and debt refinancing investments.

On December 23, 2020, Harvest Capital Credit Corporation (NASDAQ: HCAP) and Portman Ridge Finance Corporation (NASDAQ: PTMN) announced that they have entered into an agreement under which Harvest Capital Credit Corporation will merge with and into Portman Ridge Finance Corporation, a business development company managed by Sierra Crest Investment Management LLC (“Sierra Crest”), an affiliate of BC Partners Advisors L.P. (“BC Partners”). Under the terms of the agreement, current Harvest Capital Credit Corporation stockholders are expected to own approximately 16.6% of the combined company.
However, the investigation concerns whether the offer is unfair to NASDAQ: HCAP stockholders. More specifically, the investigation concerns whether the Harvest Capital Credit 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 Harvest Capital Credit Corporation (NASDAQ: HCAP) 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.

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