SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of GreenLight Biosciences Holdings and Encourages Long-Term GRNA / ENVI Shareholders to Contact the Firm
PHILADELPHIA, June 15, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating GreenLight Biosciences Holdings (NASDAQ: GRNA) ("GreenLight") on behalf of the company's long-term shareholders.
GreenLight operates as a pre-commercial stage biotechnology company in the United States. The current company was formed in February 2022 via a business combination with SPAC entity Environmental Impact Acquisition Corp. (NASDAQ: ENVI), with GreenLight as the surviving, publicly traded entity.
Immediately following the SPAC transaction, shares of GreenLight's stock traded as high as $14.00 in March 2023. However, since that time, shares of the company's stock have significantly declined in value, and currently trade at less than $0.50 per share, a cumulative decline of over 90% in value.
The firm's investigation seeks to determine whether GreenLight and/or the company's representatives violated the securities laws or breached their fiduciary duties to stockholders in connection with the business combination, thereby causing investor losses.
GreenLight investors who purchased or acquired shares of GRNA / ENVI stock prior to December 10, 2021 are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected] / [email protected]) or online at https://kaskelalaw.com/cases/greenlight-biosciences/, to receive additional information about this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation. For additional information about Kaskela Law LLC please visit www.kaskelalaw.com. This notice may constitute attorney advertising in certain jurisdictions.
CONTACT:
KASKELA LAW LLC
D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(888) 715 – 1740
(484) 229 – 0750
www.kaskelalaw.com
SOURCE Kaskela Law LLC
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