Shareholder alert: weiss law investigates calyxt, inc.

New york , jan. 17, 2023 /prnewswire/ -- weiss law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of calyxt, inc. ("calyxt" or the "company") (nasdaq: clxt), in connection with the proposed acquisition of the company by cibus ("cibus"). under the terms of the merger agreement, the company will issue shares of its common stock to cibus shareholders in an exchange ratio such that upon completion of the merger, calyxt shareholders will only own approximately 5% of the newly combined company while cibus shareholders will own 95%.
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