Boingo Wireless Inc. Common Stock (NASDAQ: WIFI)
The Complaint alleges that on April 28, 2021, in order to convince Boingo shareholders to vote in favor of the Proposed Merger, Defendants authorized the filing of a materially incomplete and misleading definitive proxy statement with the Securities and Exchange Commission. In particular, the Complaint alleges that the Proxy contains materially incomplete and misleading information concerning: (i) financial projections for Boingo; (ii) the valuation analyses performed by Boingo’s financial advisor in support of its fairness opinion; and (iii) the background of the Proposed Merger.