We Give Shareholders a Voice
Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Mudrick Capital Acquisition Corporation (“Mudrick Capital” or the “Company”) with Hycroft Mining Holding Corporation (“Hycroft”).
On January 13, 2020, Mudrick Capital executed a merger agreement with the predecessor to Hycroft Mining Holding Corporation (“Hycroft”), with an April 17, 2020 record date for the shareholder vote. On May 29, 2020, the merger transaction closed, with Hycroft continuing as the successor entity.
On October 1, 2020, Hycroft announced a secondary offering, which ultimately consisted of 9.5 million shares of common stock, as well as the same number of immediately exercisable warrants, bringing net proceeds of $83.1 million. On this news, shares dropped 16% to $7.58/share.
On March 24, 2021, Hycroft released the financial results for 2020 and the financial outlook for 2021. On this news, shares dropped over 28% to $4.96.
The Mudrick Capital merger investigation concerns whether the Board of Mudrick Capital has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
To receive more information, please fill out the form.