Kaskela Law LLC announces that it is investigating NRx Pharmaceuticals, Inc. (NASDAQ: NRXP) (“NRx”) on behalf of the company’s long-term shareholders.
NRx is a clinical-stage pharmaceutical company. The current company was formed in May 2021 via a business combination with SPAC entity Big Rock Partners Acquisition Corp. (NASDAQ: BRPA), with NRx as the surviving, publicly traded entity.
Immediately following the closing of the SPAC transaction, shares of NRx traded at approximately $22.00 per share. However, since that time, shares of the company’s stock have significantly declined in value, and currently trade below $1.00 per share, a cumulative decline of over 95% in value.
The firm’s investigation seeks to determine whether NRx and/or the company’s representatives violated the securities laws or breached their fiduciary duties to stockholders in connection with the business combination, thereby causing investor losses.
NRx investors who purchased or acquired shares of NRXP / BRPA stock prior to March 31, 2021 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, to receive additional information about this investigation and their legal rights and options.