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Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Tuscan Holdings Corp. (“Tuscan” or the “Company”) (NASDAQ: “THCB”) with Microvast, Inc., a leading global provider of next-generation battery technologies for commercial and specialty vehicles. Under the terms of the agreement, Tuscan shareholders will retain ownership of only 9% of the combined company. The investigation concerns whether the Tuscan Board breached its fiduciary duties to shareholders by failing to conduct a fair process.
The Tuscan merger investigation concerns whether the Board of Tuscan has harmed stockholders by agreeing to enter into this transaction and whether all material facts have been properly disclosed to stockholders.
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