The stock of Benson Hill, a prominent crop improvement company known for its expertise in unlocking the natural diversity of plants, experienced a significant decline today, following the announcement made yesterday by Bronstein, Gewirtz & Grossman, LLC. The renowned law firm is currently conducting an investigation into potential claims on behalf of purchasers of Star Peak Corp II, which merged with Benson Hill on September 30, 2021.
At the time of this publication, Benson Hill Inc stock (BHIL) has witnessed a decline.
Benson Hill Inc
Current Price: $0.17
Change : -0.07
Change (%): (-30.97%)
Volume: 3.4M
Source: Tomorrow Events Market Data
The investigation primarily centers on whether Star Peak Corp II failed to provide pertinent information to its shareholders prior to the merger. Bronstein, Gewirtz & Grossman, LLC, a stalwart representative of investors in securities fraud class actions and shareholder derivative suits, has a track record of recovering hundreds of millions of dollars for investors nationwide. It is important to note that this announcement constitutes attorney advertising, and prior results do not guarantee similar outcomes.
The merger, which was unanimously approved by Star Peak’s board of directors, received the green light from Star Peak stockholders at a Special Meeting on September 28, 2021. The transaction injected approximately $319 million in gross proceeds into Benson Hill. This figure encompasses $94 million in cash sourced from Star Peak’s former trust account, as well as $225 million in cash from an oversubscribed and upsized fully committed common stock PIPE.
A performance analysis of Benson Hill’s stock paints a stark picture of the company’s recent challenges:
– **5 Day Performance:** A staggering decline of 51.25%.
– **1 Month Performance:** A substantial drop of 50.59%.
– **3 Month Performance:** A notable plummet of 87.50%.
– **Year-to-Date (YTD) Performance:** A drastic slide of 93.58%.
– **1 Year Performance:** A staggering decline of 94.99%.
The pronounced downturn in stock performance raises concerns and underscores the impact of the ongoing investigation into the merger. Investors and industry experts are closely monitoring developments as more information regarding the potential claims comes to light.
