SharpSpring, Inc.

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Ademi LLP is investigating SharpSpring (NASDAQ: SHSP) for possible breaches of fiduciary duty and other violations of law in its transaction with Clearlake and Siris.

Ademi LLP alleges SharpSpring’s financial outlook is excellent and yet SharpSpring shareholders will receive only $17.10 per share. The merger agreement unreasonably limits competing bids for SharpSpring by prohibiting solicitation of further bids, and imposing a termination penalty if SharpSpring accepts a superior bid. SharpSpring insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of SharpSpring’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 SharpSpring.