Cases & investigations

Cases & investigations

KnowBe4, Inc.

Kaskela Law LLC is investigating KnowBe4, Inc. (“KnowBe4”) (NASDAQ: KNBE) on behalf of the company’s shareholders to determine the fairness of the recently proposed buyout proposal.

On October 12, 2022, KnowBe4 announced that it would be acquired by private equity firm Vista Equity Partners (“Vista”).  According to the announcement, KnowBe4 stockholders will be receiving $24.90 per share for their shares of stock, which is lower than the stock’s 52-week high value.  Notably, prior to the announcement of the proposed transaction with Vista, several analysts had assigned a $28.00 per share price target for KnowBe4’s stock.  Following the closing of the proposed transaction, KnowBe4 shareholders will be cashed out of their investment position and the company’s shares will no longer be publicly traded.

The investigation seeks to determine whether KnowBe4’s officers and directors failed to maximize the buyout price for the company’s stockholders, or otherwise breached their fiduciary duties to KnowBe4 stockholders in agreeing to sell the company to Vista at $24.90 per share.

KnowBe4 shareholders are encouraged to contact Kaskela Law LLC (D. Seamus Kaskela, Esq. or Adrienne Bell, Esq.) at (484) 229 – 0750, or by completing the form on this page, for additional information about this investigation and their legal rights and options.

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