According to the Complaint, AgroFresh Solutions, Inc. is a leading global innovator and provider of science-based solutions, data-driven technologies, and experience-backed services to enhance the quality and extend the shelf life of fresh produce.

On June 13, 2020, AgroFresh Solutions, Inc.’s Board of Directors caused AgroFresh to enter into an Investment Agreement (the “Agreement”) with PSP AGFS Holdings, L.P. (the “Investor”), an affiliate of Paine Schwartz Partners, LLC. Pursuant to the terms of the Agreement, among other things, the Investor will purchase an aggregate of $150,000,000 of new preferred stock of the Company (the “Proposed Transaction”).

On July 6, 2020, Defendants filed a Proxy Statement with the United States Securities and Exchange Commission, which recommends that AgroFresh’s stockholders vote to approve the issuance of shares pursuant to the Agreement at a stockholder meeting scheduled for August 6, 2020. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on October 8, 2020.