Iteris (ITI) has disclosed a new risk, in the Share Price & Shareholder Rights category.
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Iteris, Inc. faces a significant business risk due to its bylaws stipulating the Court of Chancery in the State of Delaware as the exclusive legal forum for most shareholder disputes. This forum selection clause may deter stockholder actions against the company by imposing additional costs and inconvenience. Furthermore, if these provisions are deemed unenforceable, Iteris could incur substantial expenses resolving legal matters in less favorable jurisdictions, potentially impacting shareholder value and company resources.
The average ITI stock price target is $9.00, implying 116.35% upside potential.
To learn more about Iteris’ risk factors, click here.
