Halper Sadeh LLC Launches Investigation into CORZ, SCS, and CYBR Shareholder Rights

Halper Sadeh LLC Investigates Companies for Shareholder Rights

Halper Sadeh LLC, a leading law firm specializing in investor rights, has recently initiated investigations into several companies, namely Core Scientific (NASDAQ: CORZ), Steelcase Inc. (NYSE: SCS), and CyberArk Software Ltd. (NASDAQ: CYBR). This inquiry pertains to potential violations of federal securities laws and obligations to shareholders concerning significant transactions that may adversely affect their investments.

Investigation Focus

The focus of Halper Sadeh's investigation centers on three specific sales:

1. Core Scientific:
Core Scientific is reportedly moving forward with a sale to CoreWeave, where shareholders are expected to receive 0.1235 newly issued shares of CoreWeave Class A common stock for each share they currently hold of Core Scientific's stock. Notably, this transaction would lead to Core Scientific shareholders controlling less than 10% of the resulting entity after its completion. This raises concerns about the true value of their shares and their ownership stake in the combined organization.

2. Steelcase Inc.:
Steelcase is set to sell to HNI Corporation, with the proposed terms including $7.20 in cash along with 0.2192 shares of HNI common stock for each share of Steelcase owned by shareholders. As with Core Scientific, the adequacy of this offer invites scrutiny regarding whether it reflects fair market value for the company’s stock, thereby valuing shareholders' interests properly.

3. CyberArk Software Ltd.:
The acquisition by Palo Alto Networks involves a payout of $45.00 in cash and 2.2005 shares of Palo Alto stock for each share of CyberArk. While this may seem advantageous initially, Halper Sadeh LLC is examining the transaction to ensure that CyberArk shareholders are receiving equitable consideration for their shares in light of the current market conditions.

Legal Rights and Options

Halper Sadeh LLC emphasizes that these investigations are aimed at safeguarding the rights of shareholders by potentially pursuing increased consideration, demanding full disclosures about these transactions, and seeking other beneficial resolutions. The firm operates on a contingent fee basis, meaning that shareholders would not incur out-of-pocket expenses related to legal fees unless there is a successful outcome.

Shareholders with interests in any of these companies are encouraged to reach out for a free consultation. They can discuss their rights and options with representatives from Halper Sadeh LLC, including attorneys Daniel Sadeh and Zachary Halper, at (212) 763-0060 or via email.

Conclusion

Halper Sadeh LLC has established a reputation for advocating on behalf of investors who have experienced losses due to corporate misconduct and securities fraud. The firm's commitment to fighting for shareholder rights is exemplary, and they have successfully recovered millions of dollars for defrauded investors through their persistent efforts. As these investigations progress, the outcomes may have significant implications for shareholders of Core Scientific, Steelcase, and CyberArk, highlighting the importance of remaining vigilant about corporate transactions and their potential impacts on shareholder value.