BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Angel Pond Holdings Corporation (NYSE - POND), OTR Acquisition Corp. (Nasdaq - OTRA), Agrico Acquisition Corp. (Nasdaq - RICO)

Rhea-AI Summary

Brodsky & Smith announces investigations concerning potential breaches of fiduciary duties by the boards of Angel Pond Holdings (NYSE: POND), OTR Acquisition Corp (Nasdaq: OTRA), and Agrico Acquisition Corp (Nasdaq: RICO) related to their SPAC mergers. Specifically, the investigations focus on whether fair processes were conducted, especially regarding shareholder ownership dilution in the resultant public companies. Angel Pond shareholders will retain 27%, OTR shareholders 41.1%, and Agrico shareholders 42% or less of their respective combined entities.

Positive

• Angel Pond shareholders retain 27% of the combined company.
• OTR shareholders retain 41.1% of the combined company.
• Agrico shareholders retain 42% or less of the combined company.

Negative

• Investigations into potential fiduciary duty breaches by boards.
• Concerns regarding failure to conduct a fair process for shareholders.
• Possibility of ownership interest dilution impacting shareholders.

BALA CYNWYD, Pa., Feb. 1, 2022 /PRNewswire/ -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky or Marc Ackerman at 855-576-4847. There is no cost or financial obligation to you.

Angel Pond Holdings Corporation (NYSE – POND)    

Under the terms of the agreement, Angel Pond, a SPAC, will combine with MariaDB Corporation Ab ("MariaDB"), one of the fastest growing and most popular open source database software companies in the world, and result in MariaDB becoming a publicly-listed company. Angel Pond shareholders will retain ownership of 27% of the combined company. The investigation concerns whether the Angel Pond Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

Additional information can be found at https://www.brodskysmith.com/cases/angel-pond-holdings-corporation-nyse-pond/.https://www.brodskysmith.com/cases/dunkin-brands-group-inc-nasdaq-dnkn/

OTR Acquisition Corp. (Nasdaq – OTRA)   

Under the terms of the agreement, OTR, a SPAC, will combine with Comera Life Sciences, Inc. ("Comera"), which is developing a new generation of bio-innovative biologic medicines to improve patient access, safety, and convenience, and result in Comera becoming a publicly-listed company. OTR shareholders will retain ownership of 41.1% of the combined company. The investigation concerns whether the OTR Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

Additional information can be found at https://www.brodskysmith.com/cases/otr-acquisition-corp-nasdaq-otra/.https://www.brodskysmith.com/cases/social-capital-suvretta-holdings-corp-iii-nasdaq-dnac/https://www.brodskysmith.com/cases/dunkin-brands-group-inc-nasdaq-dnkn/

Agrico Acquisition Corp. (Nasdaq – RICO)     

Under the terms of the agreement, Agrico, a SPAC, will combine with Kalera AS ("Kalera"), a leafy green vertical farming company and leader in plant science for producing high-quality produce in controlled environments, and result in Kalera becoming a publicly-listed company. Agrico shareholders will retain ownership of 42% or less of the combined company. The investigation concerns whether the Agrico Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

Additional information can be found at https://www.brodskysmith.com/cases/agrico-acquisition-corp-nasdaq-rico/.https://www.brodskysmith.com/cases/dunkin-brands-group-inc-nasdaq-dnkn/

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. Attorney advertising. Prior results do not guarantee a similar outcome.

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SOURCE Brodsky & Smith, LLC

FAQ

What is the purpose of the investigations involving OTRA?

The investigations are focused on whether the OTR Acquisition Corp board breached its fiduciary duties by not conducting a fair process related to its merger with Comera Life Sciences.

How much ownership will shareholders retain in Angel Pond after the merger?

Angel Pond shareholders will retain 27% of the combined company after the merger with MariaDB.

What are the concerns regarding RICO's merger with Kalera?

Concerns include potential fiduciary duty breaches by Agrico's board and the fairness of the merger process, which may dilute shareholder ownership.

When was the press release regarding these investigations published?

The press release was published on February 1, 2022.