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KRUSE v. SYNAPSE WIRELESS, INC.

C.A. No. 12392-VCS.

WILLIAM RICHARD KRUSE, individually and as TRUSTEE for THE VIVIAN CALVERT KRUSE LIVING TRUST and THE WILLIAM RICHARD KRUSE LIVING TRUST, Petitioners, v. SYNAPSE WIRELESS, INC., Respondent.

Court of Chancery of Delaware.

Decided: July 14, 2020.

Attorney(s) appearing for the Case

Evan O. Williford Esquire , of The Williford Firm LLC, Wilmington, Delaware, Attorney for Petitioner.

Richard P. Rollo Esquire , of Richards, Layton & Finger, P.A., Wilmington, Delaware and Michael D. Mulvaney, Esquire , J. Ethan McDaniel Esquire , and James C. Lester Esquire , of Maynard, Cooper & Gale P.C., Birmingham, Alabama, Attorneys for Respondent.

MEMORANDUM OPINION

To follow is the Court's fair value appraisal of Respondent, Synapse Wireless, Inc. ("Synapse" or the "Company"), per 8 Del. C. § 262. Synapse is an internet of things (or "IoT") company that sells hardware and software to industrial clients.1 The IoT...

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