An investigation on behalf of investors in Motive Capital Corp. (NYSE:MOTV) shares over potential wrongdoing at Motive Capital Corp. was announced.
San Diego, CA -- (SBWIRE) -- 11/12/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Motive Capital Corp.
Investors who purchased shares of Motive Capital Corp. (NYSE: MOTV) 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 Motive Capital Corp. directors breached their fiduciary duties and caused damage to the company and its shareholders.
New York based Motive Capital Corp intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities.
On September 13, 2021, Forge Global, Inc. announced it has entered into a definitive business combination agreement with Motive Capital Corp (NYSE: MOTV.U), a special purpose acquisition company sponsored by affiliates of Motive Partners, a financial technology specialized private equity firm.
The investigation focuses on that concurrent with closing, up to $100 million of the transaction proceeds will be paid to certain existing Forge shareholders as cash proceeds for a portion of their existing equity.
Shares of Motive Capital Corp. (NYSE: MOTV) closed on November 5, 2021, at $9.92 per share.
Those who purchased shares of Motive Capital Corp. (NYSE: MOTV) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.