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'Foul' BioVentrix Cash-Out Gets Extra Scrutiny, Chancery Says

By Leslie A. Pappas ( May 1, 2024, 6:41 PM EDT) -- A medical device company's decision to suddenly and without explanation cash out its common stockholders for less than a penny just two months before the company raised $48.5 million in new capital creates such a "foul flavor" that it deserves extra scrutiny, a Delaware Chancery Court judge said Wednesday....

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