Energy News / Shareholders Foundation, Inc.

NASDAQ:CUI Investor Notice: Investigation over Possible Securities Laws Violations by CUI Global, Inc.

Via: ReleaseWire

Updated 11:30 AM CDT, Mon, June 17,2019

An investigation for investors in CUI Global, Inc. (NASDAQ: CUI) shares over potential securities laws violations by CUI Global, Inc. was announced.

San Diego, CA -- (SBWIRE) -- 06/17/2019 -- CUI Global, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of CUI Global, Inc. (NASDAQ: CUI), have certain options and should contact the Shareholders Foundation at or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by CUI Global, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Tualatin, OR based CUI Global, Inc., through its subsidiaries, engages in the acquisition, development, and commercialization of power and electromechanical components worldwide. On May 15, 2019, the board caused CUI Global to announce that it had entered into a letter of intent, relating to a business combination with Nikola, LLC. In a Form 8-K filed with the Securities & Exchange Commission (the "SEC"), CUI Global described the transaction by stating it "contemplates that we will issue shares representing approximately 85% ownership of CUI on a post transaction basis, plus cash consideration of $30 million payable at closing, plus $45 million as evidenced by a 1-year unsecured promissory note at 6.0% annualized interest paid quarterly in cash, plus assumption of $15 million in indebtedness. Additionally, the terms contemplate a potential earn out of an additional aggregate consideration of up to $200 million in cash payable over five years that is contingent on our consolidated post-closing EBITDA. The Potential Transaction, if consummated, will result in the equity holders of Nikola, LLC obtaining voting control over CUI."

According to the investigation this recent action is the latest in a series of events that have caused some investors to question whether CUI Global's board members are acting in the company's best interest or have breached their fiduciary duties to the company and its shareholders.

Those who purchased shares of CUI Global, Inc. (NASDAQ: CUI) have certain options and should contact the Shareholders Foundation.

Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in conftact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

For more information on this press release visit:

Media Relations Contact
Michael Daniels
Email: Click to Email Michael Daniels