WILMINGTON, Del.--(BUSINESS WIRE)--
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors (the “Board”) of Inuvo, Inc. (“Inuvo” or the “Company”) (NYSE AMERICAN: INUV) related to the Company’s entry into an agreement to merge with ConversionPoint Technologies, Inc. (“ConversionPoint”) in a transaction announced on November 5, 2018 (the “Proposed Transaction”).
On November 2, 2018, the Board caused Inuvo to enter into an agreement and plan of merger (the “Merger Agreement”) with ConversionPoint. Pursuant to the terms of the Merger Agreement, shareholders of Inuvo will receive $0.45 per share in cash and stock valued at an estimated $1.77 per share for each share of Inuvo common stock.
On December 17, 2018, ConversionPoint Holdings, Inc. filed a Form S-4 Registration Statement (“Registration Statement”) with the United States Securities and Exchange Commission (“SEC”) in connection with the Proposed Transaction, which recommends that Inuvo’s shareholders vote in favor of the Proposed Transaction. Rigrodsky & Long, P.A. is investigating possible violations of law related to the Registration Statement, including whether the Registration Statement omits material information with respect to the Proposed Transaction.
If you own common stock of Inuvo and purchased any shares before November 5, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at firstname.lastname@example.org, or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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