Recent Security Class Actions

The Complaint alleges that on April 28, 2021, in order to convince Boingo shareholders to vote in favor of the Proposed Merger, Defendants authorized the filing of a materially incomplete and misleading definitive proxy statement with the Securities and Exchange Commission. In particular, the Complaint alleges that the Proxy contains materially incomplete and misleading information concerning: (i) financial projections for Boingo; (ii) the valuation analyses performed by Boingo’s financial advisor in support of its fairness opinion; and (iii) the background of the Proposed Merger.