NEW YORK, Dec. 15, 2020 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Experience Investment Corp. ("EXPC" or the "Company") (NASDAQ: EXPC) in connection with the Company's proposed merger with Blade Urban Air Mobility, Inc. ("Blade"), a privately-held technology-powered air mobility company. Under the terms of the merger agreement, EXPC will acquire Blade through a reverse merger that will result in Blade becoming a public company traded on the NASDAQ. The estimated post-transaction equity value of the combined company is approximately $825 million.
If you own EXPC shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether EXPC's board acted in the best interest of EXPC's public stockholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Blade, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to EXPC's public stockholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]
SOURCE WeissLaw LLP