BALA CYNWYD, Pa., May 29, 2024 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.
Agrify Corporation (Nasdaq – AGFY)
Under the terms of the agreement, Agrify will be acquired by Nature’s Miracle Holding Inc. (“Nature’s Miracle”) (Nasdaq – NMHI). Agrify shareholders will each be issued 0.45 of a share of Nature’s Miracle common stock for each share of Agrify common stock that they hold. Based on the companies’ current capitalization, it is anticipated that Agrify shareholders will collectively own approximately 30% of the post-merger common stock of the combined companies. The investigation concerns whether the Agrify Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration offers fair value to the Company’s shareholders.
Additional information can be found at https://www.brodskysmith.com/cases/agrify-corporation-nasdaq-agfy/.
HMN Financial, Inc. (Nasdaq – HMNF)
Under the terms of the agreement, HMNF will be acquired by Alerus Financial Corporation (“Alerus”) (Nasdaq – ALRS). Stockholders of HMNF will receive 1.25 shares of Alerus common stock for each share of HMNF common stock they own. Based on
