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Case Status:    ONGOING    
On or around 06/18/2019 (Ongoing date of last review)

Filing Date: June 17, 2019

According to the Complaint, Black Ridge Acquisition Corp. is a special purpose acquisition company sponsored by Black Ridge Oil & Gas, Inc. for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or assets.

This action stems from a proposed transaction announced on December 19, 2018. On that date, the Board of Directors caused the Company to enter into an agreement and plan of merger with Black Ridge Merger Sub Corp., Allied Esports Entertainment, Inc. , Noble Link Global Limited, Ourgame International Holdings Ltd., and Primo Vital Ltd. Pursuant to the terms of the Merger Agreement, Black Ridge will acquire Allied Esports International, Inc. and WPT Enterprises, Inc., which are two of Ourgame’s global esports and entertainment assets.

On June 12, 2019, Defendants filed a proxy statement with the United States Securities and Exchange Commission, which seeks Black Ridge stockholder approval of the Proposed Transaction at a special meeting scheduled for June 28, 2019.

The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

COMPANY INFORMATION:

Sector: Conglomerates
Industry: Conglomerates
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BRACU
Company Market: NASDAQ
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.
COURT: D. Delaware
DOCKET #: 19-CV-01117
JUDGE: Hon. Maryellen Noreika
DATE FILED: 06/17/2019
CLASS PERIOD START: 12/19/2018
CLASS PERIOD END: 06/17/2019
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A.
    919 N. Market Street, Suite 980, Rigrodsky & Long, P.A., DE 19803
    302.295.5310 302.295.5310 · info@rigrodskylong.com
  2. RM Law, P.C.
    1055 Westlakes Drive, Suite 3112, RM Law, P.C., PA 19312
    (484) 324-6800 ·
No Document Title Filing Date
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