Mount Rainier Acquisition Corp. (Nasdaq - RNER)

Mount Rainier Acquisition Corp. (Nasdaq – RNER)

SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Mount Rainier Acquisition Corp. (Nasdaq – RNER)

BALA CYNWYD – March 23, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Mount Rainier Acquisition Corp. (“Mount Rainier” or the “Company”) (Nasdaq – RNER) for possible breaches of fiduciary duty and other violations of federal and state law in connection with an agreement pursuant to which Mount Rainier, a special purpose acquisition company, will combine with HUB Cyber Security (Israel) Limited (TASE:HUB.TA), a Tel-Aviv based developer of Confidential Computing cybersecurity solutions and services (“HUB”), and result in HUB becoming a publicly traded company. Under the terms of the agreement, Mount Rainier shareholders will retain ownership of only less than 18.7% of the combined company.

The investigation concerns whether the Mount Rainier 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 Mount Rainier 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.

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