Provided By PR Newswire
Last update: Feb 3, 2023
NEW YORK, Feb. 3, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of IsoPlexis Corporation ("IsoPlexis" or the "Company") (NASDAQ: ISO) in connection with its proposed acquisition by Berkeley Lights, Inc. ("Berkeley Lights") (NASDAQ: BLI). Under the merger agreement, the Company's shareholders will receive 0.612 shares of Berkeley Lights common stock for each IsoPlexis share, representing implied per-share consideration of $1.44 based upon Berkeley Lights' February 2, 2023 closing price of $2.36. Upon completion of the transaction, Berkeley Lights shareholders will own 75.2% of the combined company, while IsoPlexis shareholders will only own 24.8% of the combined company. The transaction is valued at approximately $57.8 million.
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