SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Flexible Solutions International Inc. (NYSE – FSI)

BALA CYNWYD – April 19, 2022 /Globe Newswire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Flexible Solutions International Inc. (“FSI” or the “Company”) (NYSE – FSI) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the Company’s agreement to merge with Lygos, Inc. (“Lygos”). Under the terms of the merger agreement, Lygos issued $160 million worth of convertible notes with a 5.5% fixed annual interest rate and a five-year maturity. The conversion price of the convertible note will be set 12 months to the date of the note, and the pricing terms will be set upon the trading price of the future equity but will be set within a market capitalization range of no less than $250 million or no greater than $350 million.

The investigation concerns whether the FSI Board breached its fiduciary duties to shareholders by failing to conduct a fair process, and whether the consideration adequately compensates FSI shareholders.

If you own shares of FSI stock and wish to discuss the legal ramifications of the investigation, or have any questions, you may e-mail or call the law office of Brodsky & Smith who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire, or Marc L. Ackerman, Esquire at Brodsky & Smith, Two Bala Plaza, Suite 805, Bala Cynwyd, PA 19004, or call toll free 855-576-4847.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.