NEW YORK, March 31, 2021 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Rodgers Silicon Valley Acquisition Corp. («Rodgers» or the «Company») (NASDAQ: RSVA) in connection with the Company’s proposed merger with Enovix Corporation («Enovix»), an industry leader in advanced silicon-anode lithium-ion battery development and production. Under the terms of the merger agreement, Rodgers will combine Enovix through a reverse merger that will result in Enovix becoming a publicly traded company. The pro forma enterprise value of the combined company is expected to be approximately $1.128 billion.
If you own RSVA 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 Rodgers’ board acted in the best interest of Rodgers’ public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Enovix, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to Rodgers’ 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 firstname.lastname@example.org
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SOURCE WeissLaw LLP