Philadelphia, Pennsylvania--(Newsfile Corp. - July 15, 2024) - Kaskela Law LLC announces that it is investigating Presto Automation Inc. (NASDAQ: PRST) on behalf of the company's former employees.
On September 14, 2022, Ventoux CCM Acquisition Corp. ("Ventoux"), a publicly traded special purpose acquisition ("SPAC") company, announced that Ventoux's stockholders had approved of an acquisition of privately held E La Carte (d/b/a Presto) ("Legacy Presto"). Ventoux also announced that, upon the closing of the acquisition, the combined company would be renamed Presto Automation Inc. and its common stock would start trading under ticker symbol NASDAQ: PRST.
In connection with the closing of the acquisition, many of Legacy Presto's executives and employees had their previously held shares/stock options of privately held Legacy Presto converted into shares of publicly traded Presto Automation (NASDAQ: PRST). The investigation seeks to determine whether this share conversion was done in a fair manner and in accordance with the securities laws, or whether former Legacy Presto shareholders were financially harmed in connection with the conversion.
Former Legacy Presto employees who had their shares/stock options of privately held Legacy Presto converted into publicly traded shares of Presto Automation (NASDAQ: PRST) are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) for additional information about this investigation and their legal rights and options at (484) 229 - 0750 or (888) 715 - 1740, or by clicking on the following link (or if necessary, by copying and pasting the link into your browser):
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation on a contingent basis. For additional information about Kaskela Law LLC please visit .
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
(skaskela@kaskelalaw.com)
Adrienne Bell, Esq.
(abell@kaskelalaw.com)
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 - 1740
(484) 229 - 0750
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