Midwest Holding Inc.

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Ademi LLP is investigating Midwest (NASDAQ: MDWT) for possible breaches of fiduciary duty and other violations of law in its transaction with Antarctica.

Midwest’s shareholders are expected to receive only $27.00 per share in an all-cash transaction valued at approximately $100 million. The transaction agreement unreasonably limits competing bids for Midwest by imposing a significant penalty if Midwest accepts a superior bid. Midwest insiders will receive substantial benefits as part of change of control arrangements.

We are investigating the conduct of Midwest’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Midwest.