AVROBIO, Inc. (Nasdaq – AVRO)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of AVROBIO, Inc. (Nasdaq – AVRO)

BALA CYNWYD – January 30, 2024 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of AVROBIO, Inc. (“AVROBIO” or the “Company”) (Nasdaq – AVRO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s merger with Tectonic Therapeutic, Inc. (“Tectonic”). Under the terms of the transaction, pre-Merger AVROBIO shareholders are expected to own approximately 22.3% of the combined company and pre-Merger Tectonic shareholders are expected to own approximately 40.2% of the combined company. Following the closing of the Merger, the combined company will be led by the Tectonic management team. AVROBIO will be renamed Tectonic Therapeutic, Inc.

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

If you own shares of AVROBIO 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 by email at clients@brodsky-smith.com, 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.

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