Press release
Investigation announced for Investors in PAE Incorporated f.k.a. Gores Holdings III, Inc (NASDAQ: PAE formerly Nasdaq CM: GRSH, GRSHU, and GRSHW)
An investigation on behalf of investors in PAE Incorporated (NASDAQ: PAE) shares over potential wrongdoing at PAE Incorporated.
Investors who purchased shares of PAE Incorporated fka. Gores Holdings III, Inc (NASDAQ: PAE formerly Nasdaq CM: GRSH, GRSHU, and GRSHW) 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 PAE Incorporated directors breached their fiduciary duties and caused damage to the company and its shareholders.
Falls Church, VA based PAE Incorporated provides operational solutions and outsourced services for the United States government, other allied governments, international organizations, and companies. The company operates through two segments, Global Mission Services and National Security Solutions.
On November 1, 2019, Platinum Equity portfolio company PAE, announced it has entered into an agreement and plan of merger with Gores Holdings III, Inc. (NASDAQ CM: GRSH, GRSHU, and GRSHW).
On February 10, 2020, Gores Holdings III, Inc. (Nasdaq CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, announced that it completed the acquisition of Platinum Equity portfolio company PAE.
In connection with the transaction, Gores Holdings III has been renamed PAE Incorporated and its common stock and warrants now trade on Nasdaq under the symbols "PAE" and "PAEWW", respectively.
Those who purchased shares of PAE Incorporated (NASDAQ: PAE) 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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