DNAC - Wolf Popper LLP Announces Investigations on Behalf of Investors in Materially Underperforming Special Purpose Acquisition Companies | Benzinga
NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- Wolf Popper LLP is investigating potential claims on behalf of investors in the following Special Purpose Acquisition Companies (SPAC). The stock prices of these companies, which are now combined with their respective acquisition targets, have fallen between 65% and 97% compared to their initial public offering stock price of $10.00 per share. Wolf Popper is investigating whether the SPACs and their executives made materially false or misleading statements or omitted material information regarding the companies' businesses, operations, and prospects.
On May 25, 2021, Dynamics Special Purpose Corp. (NASDAQ:DYNS) held its initial public offering (IPO) at $10.00 per share and raised $200 million. Then on December 20, 2021, Dynamics announced it was engaging in a $601 million de-SPAC transaction with Senti Biosciences, Inc. The transaction closed on June 8, 2022 and the combined company was renamed Senti Biosciences, Inc. (NASDAQ:SNTI). Senti's closing stock price on April 9, 2024 was $0.35 per ...