Shareholder Alert: Ademi LLP investigates whether Volta Inc. has obtained a Fair Price in its transaction with Shell

MILWAUKEE, Jan. 18, 2023 /PRNewswire/ -- Ademi LLP is investigating Volta (NYSE: VLTA) for possible breaches of fiduciary duty and other violations of law in its transaction with Shell.

Click here to learn how to join the action https://www.ademilaw.com/case/volta-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.

Ademi LLP alleges Volta's financial outlook and prospects are excellent and yet Volta shareholders will receive only $0.86 per share in an all-cash transaction valued at approximately $169 million. The transaction agreement unreasonably limits competing bids for Volta by imposing a significant penalty if Volta accepts a superior bid. Volta insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Volta's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Volta.

If you own Volta common stock and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or https://www.ademilaw.com/case/volta-inc.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

Contacts

Ademi LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001

SOURCE Ademi LLP