Ademi LLP is investigating Assertio Holdings Inc. for potential breaches of fiduciary duty and legal violations related to its recent $166.4 million transaction with Zydus, where shareholders will receive $23.50 per share in cash. The investigation focuses on whether Assertio's board is protecting shareholder interests, especially since insiders stand to gain significant benefits and the deal restricts competing bids with heavy penalties. This probe aims to ensure that public shareholders receive a fair price and that the board fulfills its duties properly.
Negotiations between Microsoft and Oracle to lease Oracle's cloud infrastructure, potentially worth over $3 billion, reportedly ended due to Oracle's public cloud not meeting FedRAMP security standards needed for U.S. government data. Oracle disputed...
Peec AI has introduced AI Shopping Analytics, a tool that provides e-commerce brands with detailed insights into how AI assistants like ChatGPT recommend their products. This new service tracks product visibility, ranking, pricing accuracy, and buyer...
Zoomex, a global crypto derivatives exchange, has introduced Zoomex Stocks, allowing users to trade tokenized versions of major U.S. equities and ETFs using USDT within a single account. This move responds to a market shift as institutional capital f...
Scilex Holding Company saw its shares rise 18.79% after announcing that its Dream Bowl Meme Coin tokens could start trading on Biconomy Exchange as early as June 23. The listing is expected to boost liquidity and expand distribution to eligible token...
Aditxt Inc. shares dropped 33.94% in after-hours trading following a disclosure that major shareholder HRT Financial LP purchased over 4.2 million shares at $0.016 each. Despite this large purchase, the stock continues to face heavy selling pressure,...
