Shareholder Alert: Ademi LLP continues to investigate whether Kidpik Corp. is obtaining a Fair Price for its Public Shareholders
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
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Source: Businesswire
Investigation Announcement: Ademi LLP is investigating Kidpik for potential breaches of fiduciary duty related to its acquisition of Nina Footwear, where Nina's stockholders will own 80% of Kidpik post-merger.
Control Concerns: The investigation focuses on whether Kidpik's board is fulfilling their fiduciary responsibilities, especially given that CEO Ezra Dabah controls significant shares in both companies involved in the merger.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
