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SAII-Otonomo - >>> SHAREHOLDER NOTICE: Brodsky & Smith, LLC Announces an Investigation of Software Acquisition Group Inc. II (Nasdaq - SAII)


Yahoo Finance

February 2, 2021


https://finance.yahoo.com/news/shareholder-notice-brodsky-smith-llc-235300224.html


BALA CYNWYD, PA / ACCESSWIRE / February 2, 2021 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Software Acquisition Group Inc. II ("Software Acquisition II" or the "Company") (NASDAQ:SAII) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Software Acquisition II, a special purpose acquisition company, will combine with Otonomo Technologies Ltd. ("Otonomo"), a provider of a leading platform and marketplace for vehicle data, and result in Otonomo becoming a publicly-listed company. Under the terms of the agreement, Software Acquisition II shareholders will retain ownership of only 12.2% of the combined company.

The investigation concerns whether the Software Acquisition II 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 Software Acquisition II 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, LLC 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, LLC, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, visit

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