Shareholder rights law firm Robbins LLP is investigating Appreciate Holdings, Inc. (NASDAQ: SFR) to determine whether certain Appreciate Holdings officers and directors violated securities laws and breached fiduciary duties to shareholders by engaging in a conflicted SPAC process. In November 2022, special purpose acquisition company Prop Tech Investment Corporation II completed a business combination with Appreciate, after which the company proceeded to operate as Appreciate Holdings, Inc. While the stock briefly traded over $10.00, it now trades around $0.32.
What Now: Appreciate Holdings, Inc. shareholders have legal options. If you owned shares of Prop Tech Investment Corporation II at the time of the business combination and have incurred significant loss in the stock, contact us for more information about your rights.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
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About Robbins LLP: Some law firms issuing releases about this matter do not actually litigate securities class actions; Robbins LLP does. A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. Since our inception, we have obtained over $1 billion for shareholders.
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