On or around 02/05/2019 (Court's order of dismissal)
Filing Date: December 05, 2018
According to the Complaint, SendGrid operates as a digital communication platform in the United States and internationally.
On October 15, 2018, SendGrid and Twilio jointly issued a press release announcing they had entered into a definitive merger agreement under which the companies will combine in an all-stock merger with a total equity value of approximately $2 billion.
The Complaint alleges that on November 21, 2018, Defendants caused to be filed a materially deficient Registration Statement on form S-4 (the “S-4”) with the SEC in an effort to solicit stockholders to vote their SendGrid shares in favor of the Proposed Transaction.
This case was voluntarily dismissed on February 4, 2019.
Company & Securities Information
Defendant: SendGrid, Inc.
Industry: Software & Programming
Headquarters: United States
Ticker Symbol: SEND
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.