Ignyte Acquisition Corp. (Nasdaq - IGNY)

Ignyte Acquisition Corp. (Nasdaq – IGNY)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Ignyte Acquisition Corp. (Nasdaq – IGNY)

BALA CYNWYD – May 2, 2022 /Access Wire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Ignyte Acquisition Corp. (“Ignyte” or the “Company”) (Nasdaq – IGNY) for possible breaches of fiduciary duty and other violations of federal and state law in connection with an agreement pursuant to which Ignyte, a special purpose acquisition company, will combine with Peak Bio Co., Ltd. (“Peak Bio”), a clinical-stage biopharmaceutical company focused on developing the next-generation of therapeutics to treat oncology and inflammatory diseases, and result in Peak Bio becoming a publicly-listed company. Under the terms of the agreement, Ignyte shareholders will retain ownership of only 22% of the combined company.

The investigation concerns whether the Ignyte Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

If you own shares of Ignyte stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.

Fill out this Single Case form

* Mr/Mrs/Ms (Select One)

* First Name:

* Last Name:

* Address:

* City:

* State:

* Zip Code:

* Country:

* Email Address:

* Phone Number:

*Number of Shares Owned:

*Date purchased:

* Are you currently an employee of the Company?:

By clicking on the submit button, I acknowledge that I have downloaded and read both the Merger Retainer Agreement and
Class Representative Rights and Responsibilities documents, and agree to retain Brodsky & Smith, LLC to represent them in the 1st United Bancorp, Inc shareholder matter. Brodsky & Smith, LLC will prosecute the action on a contingent fee basis and will advance all costs and expenses.