Inactive Instrument

Magnet Forensics Inc.

MAGT

CA55940P1018

Nellore Capital Management Provides Information to Shareholders of Magnet Forensics

March 17, 2023 at 05:28 pm EDT

On March 17, 2023, Nellore Capital Management LLC announced that it has provided final commentary to explain its opposition to the proposed C$1.8 billion takeover of Magnet Forensics Inc. by the private equity firm Thoma Bravo. Nellore Capital Management stated that the Company is continuing to justify the transaction based on outdated, misleading information. Nellore Capital Management also stated that it urges shareholders to follow independent proxy advisor Glass Lewis' recommendation against, comments on ISS.

Nellore Capital Management added that it suggests shareholders read recent notes from brokers quoted by the Company.

Latest news about Magnet Forensics Inc.

Magnet Forensics Inc. acquired Griffeye Technologies AB.	23-08-20	CI
Magnet Forensics Inc.(TSX:MAGT) dropped from S&P Global BMI Index	23-04-07	CI
Morpheus Purchaser Inc. completed the acquisition of to acquire 60.92% stake in Magnet Forensics Inc. from Nellore Capital Management LLC and others.	23-04-05	CI
Magnet Forensics Brief: Obtained Overnight Final Order for Plan of Arrangement with Thoma Bravo	23-03-28	MT
Magnet Forensics Shareholders Overnight Approved Plan of Arrangement with Thoma Bravo	23-03-24	MT
North American Morning Briefing : Stock Futures -2-	23-03-24	DJ
Magnet Forensics Brief: Shareholders Overnight Approved Plan of Arrangement with Thoma Bravo	23-03-24	MT
Transcript : Magnet Forensics Inc. - Shareholder/Analyst Call	23-03-23
Declaration of Voting Results by Magnet Forensics Inc.	23-03-23	CI
Nellore Capital Management Provides Information to Shareholders of Magnet Forensics	23-03-17	CI
Nellore Capital Provides Final Comments on its Opposition to Takeover of Magnet Forensics by Thoma Bravo	23-03-17	CI
Magnet Forensics Encourages Shareholders to Vote For the Arrangement with Thoma Bravo	23-03-17	CI
Magnet Forensics Brief: Co Releasing Presentation and "Encourages" Shareholders to Vote FOR Arrangement with Thoma Bravo Today	23-03-17	MT
Nellore Capital Management Solicits Proxies from the Shareholders of Magnet Forensics	23-03-16	CI
Magnet Forensics Brief: Co Itself Earlier Tuesday Commented on Glass Lewis Report; Reiterated ISS and Egan-Jones Recommend a vote FOR the all-cash transaction	23-03-15	MT
Magnet Forensics Brief: Glass Lewis Recommending AGAINST Magnet Forensics Takeover by Thoma Bravo, Siding with Nellore Capital	23-03-15	MT
Glass Lewis Recommends Against Magnet Forensics Takeover by Thoma Bravo	23-03-15	CI
Magnet Forensics Commenting on Glass Lewis Report; Reiterates ISS and Egan-Jones Recommend a Vote FOR All-cash Deal	23-03-15	MT
Magnet Forensics Brief: Commenting on Glass Lewis Report; Reiterates ISS and Egan-Jones recommend a vote FOR the all-cash transaction	23-03-15	MT
Magnet Forensics Comments on Glass Lewis Report	23-03-15	CI
ISS Recommends Thoma Bravo's Planned Takeover Of Magnet Forensics	23-03-14	MT
Magnet Forensics Brief: ISS Recommends Magnet Forensics Shareholders Vote FOR the Arrangement With Thoma Bravo	23-03-14	MT
Institutional Shareholder Services Issues Recommendations to Shareholders of Magnet Forensics	23-03-14	CI
Magnet Forensics Revenue of US$31 Million in Q4 2022, a 45% YoY Increase	23-03-09	MT
Magnet Forensics Inc. Reports Earnings Results for the Full Year Ended December 31, 2022	23-03-09	CI

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Magnet Forensics Inc. is a Canada-based company, which is principally engaged in the development and sale of evidence recovery software tools and digital evidence management platforms. The Company acquires, analyzes, reports on and manages evidence from digital sources, including computers, mobile devices, Internet of things (IoT) devices and cloud services. The Company's software is used by approximately 4,000 public and private sector customers in over 90 countries and helps investigators fight crime, protect assets and guard national security. It provides its products for enterprise, law enforcement, service provider and federal agencies, and military and intelligence. The Company's products include Magnet AXIOM, Magnet AXIOM Cyber, Magnet Digital Investigation Suite, Magnet DVR Examiner, Magnet AUTOMATE, Magnet ATLAS, Magnet REVIEW, Magnet IGNITE and Magnet OUTRIDER.

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