According to the Complaint, Infinity Q Capital Management, LLC is a registered investment advisor that purports to provide hedge fund strategies to institutional and retail investors. Infinity Q acts as investment advisor to the Infinity Q Diversified Alpha Fund (the "Fund"), pursuant to an Investment Advisory Agreement.
Recent Security Class Actions
According to the Complaint, AgEagle Aerial Systems, Inc. purports to be a commercial drone company. According to AgEagle's website, the Company is engaged in the design, engineering, and manufacturing of commercial drones, as well as in providing drone services and solutions to the agriculture industry.
According to the Complaint, Churchill Capital Corp. III is a blank check company. In July 2020, Churchill III announced that it had entered into a preliminary agreement, subject to shareholder approval, to merge with MultiPlan Corporation. MultiPlan is a New York-based data analytics end-to-end cost management solutions provider to the U.S. healthcare industry. The merger was consummated in October 2020.
According to the Complaint, Sportsman's Warehouse Holdings, Inc. operates 103 stores across 27 states, including stores in Humboldt and Sonoma Counties, California. The Company is known for its top-quality, brand-name products, strong customer service and deep ties to conservation groups across the country.
According to the Complaint, Waddell & Reed Financial, Inc. has provided investment management and wealth management services to clients throughout the United States since 1937.
According to the Complaint, Apache Corporation is an independent energy company that explores for, develops, and produces natural gas, crude oil, and natural gas liquids. The U.S. has historically represented nearly 60% of the Company’s production and 70% of its estimated year-end proved reserves. At all relevant times, one of the Company’s purported key “core growth areas” in the U.S. was the Permian region, a large oil-and-gas producing area in West Texas and New Mexico.
According to the Complaint, Ebix, Inc. supplies infrastructure exchanges to the insurance, financial, travel, cash remittances, and healthcare industries.
According to the Complaint, Immunovant, Inc. is a clinical-stage biopharmaceutical company that develops monoclonal antibodies for the treatment of autoimmune diseases. On September 29, 2019, Health Sciences Acquisitions Corporation (“HSAC”), then a blank check company, or SPAC, entered into an agreement with Legacy Immunovant, a private biopharmaceutical company, and shareholders of Legacy Immunovant, to effect a merger between the two entities. As a result of the Merger, HSAC acquired all of the issued and outstanding shares of Legacy Immunovant, and Legacy Immunovant became a wholly owned subsidiary of HSAC. Upon the closing of the Merger, HSAC changed its name to “Immunovant, Inc.”
According to the Complaint, EHang Holdings Limited purports to be an autonomous aerial vehicle technology platform company engaged in “pioneering” the future of transportation through the Company’s purportedly proprietarily developed AAVs and related commercial solutions.
According to the Complaint, Virtual Multichannel Video Programming Distributors (“vMVPDs”), like Fubo, aggregate live and on-demand television content for delivery over the internet. Unlike traditional cable TV or satellite provider, Fubo does not supply its own data transport infrastructure (e.g., the cable) and instead relies on subscribers to maintain their own internet connection to access its service. vMVPDs offer service and product bundles to subscribers offering channels at a lower monthly rate than offered by traditional cable/satellite providers. There currently are 271 online video services vMVPDs that provide viewers with content from broadcast and cable network as well as streaming providers.
