Atlas Crest Stockholder Class Action Settlement Reaches $15 Million

The Court of Chancery of the State of Delaware has scheduled a settlement hearing for December 3, 2026, where Vice Chancellor Lori W. Will will evaluate the fairness and adequacy of the $15 million proposal. This legal action, consolidated under C.A. No. 2024-0527-LWW, encompasses investors who elected not to redeem their shares by the established September 2021 deadline. Because the class is certified under non-opt-out status, all qualifying shareholders will be bound by the court’s final judgment.

Eligible participants must submit a Proof of Claim by January 4, 2027, to be considered for a pro rata distribution from the net settlement fund. Any formal objections to the proposed allocation plan or legal fee applications must be filed with the Register in Chancery no later than November 17, 2026. Detailed documentation and claim forms are available through JND Legal Administration or via the dedicated settlement website.