PHILADELPHIA, Nov. 12, 2022 (GLOBE NEWSWIRE) — Kaskela Law LLC announces that it is investigating Poshmark, Inc. (NASDAQ: POSH) (“Poshmark”) on behalf of the Company’s investors.

On October 3, 2022, Poshmark announced it was ready to be acquired by Naver Corp. (“Naver”) has consented. Per the announcement, Poshmark shareholders are expected to be paid out of their investment position in cash at a price of $17.90 per share, a price that is over 10% below POSH’s 52-week high.

The investigation is designed to determine whether Poshmark officers and/or directors failed to maximize the acquisition price for Poshmark shareholders or otherwise breached their fiduciary duties when approving the sale of the company to Naver.

Poshmark stockholders are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229-0750 or by email ([email protected]) or online at https://kaskelalaw.com/cases/poshmark-inc/for more information about this investigation and your legal rights and choices.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance and merger and acquisition litigation. For more information about Kaskela Law LLC, visit www.kaskelalaw.com. This notice may constitute attorney solicitation in certain jurisdictions.

CONTACT:

D. Seamus Kaskela, Esq.
Adrienne Bell, Esq.
KASKELA LAW LLC
18 Campus Blvd., Suite 100
Newtown Square, PA 19073
(484) 229-0750
(888) 715-1740
www.kaskelalaw.com