Engel Law PLLC is investigating whether fair value to ElectraMeccanica Vehicles Corp. (NASDAQ: SOLO) shareholders will result from the proposed business combination of ElectraMeccanica with Tevva, pursuant to which ElectraMeccanica shareholders will own 23.5% of the combined company and Tevva shareholders will own 76.5% of the combined company on a fully diluted basis.
The Firm’s investigation concerns:
(i) whether the Company’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction;
(ii) whether the merger consideration adequately compensates the Company’s shareholders; and
(iii) whether all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.