Plans to Investigate All Records to Ensure
Board Did Not Breach Fiduciary Duty
DALLAS, July 11,
2023 /PRNewswire/ -- NexPoint Event Driven Fund today
issued a demand letter to the Board of Directors of Paratek
Pharmaceuticals, Inc. (NASDAQ:PRTK) (the "Company") to make
available all books and records surrounding the proposed
acquisition of the Company in order to investigate whether any
board members breached their fiduciary duties in connection with
the proposed acquisition. NexPoint Event Driven Fund is advised by
NexPoint Asset Management, L.P. and together with other
stockholders (collectively, "NexPoint"), are members of a group who
beneficially own approximately 11.7% of the Company's outstanding
common stock.
The full demand letter can be found here.
About NexPoint Event Driven Fund
NexPoint Event Driven Fund is an open-end mutual fund advised by
NexPoint Asset Management, L.P. The fund invests in event catalysts
including mergers, acquisitions, tender offers, restructuring,
spin-offs, refinancings, recapitalizations or economic events that
can impact specific industries.
About NexPoint Asset Management, L.P.
NexPoint Asset Management, L.P. is an SEC-registered investment
adviser. NexPoint Asset Management, L.P. is the adviser to a suite
of registered funds, including open-end mutual funds, closed-end
funds, and an exchange-traded fund. The funds draw on NexPoint's
investment capabilities, covering a range of asset classes and
strategies. For more information visit
www.nexpointassetmgmt.com/.
CONTACT
Mike Geller
Prosek Partners for NexPoint
mgeller@prosek.com
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SOURCE NexPoint Asset Management, L.P.