EngageSmart Merger Leads to Altered Shareholder Rights

EngageSmart (ESMT) has released an update to notify the public and investors about a material modification to rights of security holders.

As a consequence of the merger, all outstanding shares prior to the effective time were converted into the right to receive a specified per share price according to the merger agreement terms. Subsequently, shareholders of these shares lost all company shareholder rights, retaining only the right to receive the per share price.

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