BALA CYNWYD, Pa., Oct. 12, 2022 (GLOBE NEWSWIRE) — The law firm of Brodsky & Smith announces that it is investigating possible claims against the board of KnowBe4, Inc. (“KnowBe4” or the “Company”). (Nasdaq – KNBE) for possible breaches of fiduciary duty and other violations of federal and state laws related to the Company’s agreement to be acquired by Vista Equity Partners (“Vista”). Under the terms of the merger agreement, Vista will acquire each outstanding share of KnowBe4 for $24.90 per share in a cash transaction valued at approximately $4.6 billion.

The investigation concerns whether KnowBe4’s board of directors failed in its fiduciary duty to shareholders by failing to conduct a fair trial and whether Vista underpays the company. For example, the transaction consideration is below the 52-week high of $29.50 for the company’s shares.

If you own stock of KnowBe4 and would like to discuss the legal implications of the investigation or have any questions, you may contact the law firm of Brodsky & Smith by email or phone, who will, at no obligation or cost to you, attempt to answer your questions. You can visit Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004 https://www.brodskysmith.com/cases/knowbe4-inc-nasdaq-knbe/or call toll-free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive experience representing shareholders nationwide in securities and class actions. Brodsky & Smith attorneys have been appointed by numerous courts across the country as lead counsel in class action lawsuits and have successfully recovered millions of dollars for our clients and shareholders. attorney advertising. Previous results do not guarantee a similar result.