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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Monocle Acquisition Corporation (“Moncocle” or the “Company”) (NASDAQ: MNCL) with AerSale Corp. (“AerSale”). When Monocle and AerSale merge, the combined company will be named AerSale Corporation and will be publicly traded on the Nasdaq Stock Market. Following the merger, AerSale owners Leonard Green & Partners, Florida Growth Fund and members of AerSale’s management team will hold a 42% stake in the combined company. Public stockholders, including the founders of MNCL, will hold the remaining shares of the combined company.
The Monocle merger investigation concerns whether the Board of Monocle breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether the merger with AerSale undervalues Monocle shares, thus unlawfully harming Monocle shareholders.
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