NEW YORK, Jan. 11, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of VPC Impact Acquisition Holdings ("VPC Impact" or the "Company") (NASDAQ: VIH) in connection with the Company's proposed merger with Bakkt Holdings, LLC ("Bakkt"), a digital asset marketplace launched in 2018 by Intercontinental Exchange, Inc. Under the terms of the merger agreement, VPC Impact will acquire Bakkt through a reverse merger that will result in Bakkt becoming a public company, traded on the New York Stock Exchange, with an enterprise value of approximately $2.1 billion.
If you own VPC Impact Acquisition Holdings 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 LLP is investigating whether VPC Impact's board acted in the best interest of VPC Impact's public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Bakkt, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to VPC Impact public shareholders.
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