NEW YORK, Nov. 4, 2020 /PRNewswire/ —
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of InterPrivate Acquisition Corp. (“IPV” or the “Company”) (NYSE: IPV) in connection with the Company’s proposed merger with Aeva Inc. (“Aeva”), a privately-held company that develops sensors for self-driving cars. Under the terms of the merger agreement, IPV will acquire Aeva through a reverse merger, with Aeva continuing as a publicly-traded company listed on the NYSE under the ticker symbol “AEVA.” At closing, the transaction will have an implied pro forma equity value of approximately $2.1 billion, and Aeva’s existing stockholders will hold approximately 80% of the common stock of the newly-combined company.
If you own IPV shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
https://www.weisslawllp.com/IPV/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether IPV’s board acted in the best interest of the Company’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Aeva, whether the deal’s equity split is fair to IPV shareholders, and whether all information regarding the valuation of the transaction and the post-close capital structure will be fully and fairly disclosed.
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 stockinfo@weisslawllp.com
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