Press release
Investigation announced for Investors in Motive Capital Corp. (NYSE: MOTV) over potential Wrongdoing
An investigation on behalf of investors in Motive Capital Corp. (NYSE: MOTV) shares over potential wrongdoing at Motive Capital.
Investors who purchased shares of Motive Capital Corp. (NYSE: MOTV) 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 Motive Capital Corp. directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Motive Capital Corp intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
On September 13, 2021, Forge Global, Inc. announced it has entered into a definitive business combination agreement with Motive Capital Corp (NYSE: MOTV.U), a special purpose acquisition company sponsored by affiliates of Motive Partners, a financial technology specialized private equity firm.
The investigation focuses on that concurrent with closing, up to $100 million of the transaction proceeds will be paid to certain existing Forge shareholders as cash proceeds for a portion of their existing equity.
Shares of Motive Capital Corp. (NYSE: MOTV) closed on November 5, 2021, at $9.92 per share.
Those who purchased shares of Motive Capital Corp. (NYSE: MOTV) 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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