Ademi LLP is investigating iClick (NASDAQ: ICLK) for possible breaches of fiduciary duty and other violations of law in its transaction with Amber DWM.
Upon completion of the Merger, the Amber DWM shareholders and iClick shareholders will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. iClick insiders will receive substantial benefits as part of change of control arrangements.
We are investigating the conduct of iClick’s board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.