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Poshmark, Inc. Investigation
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Poshmark, Inc. Investigation

We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Poshmark, Inc. (“Poshmark” or the “Company”) (NASDAQ:POSH), in connection with the proposed acquisition of the Company by NAVER Corporation. Under the terms of the merger agreement, the Company’s shareholders will receive $17.90 in cash for each share of Poshmark common stock owned.  The transaction is valued at approximately $1.2 billion.

Weiss Law is investigating whether (i) Poshmark’s board of directors acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the $17.90 per-share merger consideration adequately compensates Poshmark’s shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

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