According to the Complaint, SendGrid, Inc. 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 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.