SHAREHOLDER NOTICE: Brodsky & Smith Announces an Investigation of Velocity Acquisition Corp. (Nasdaq – VELO)

BALA CYNWYD – July 20, 2021 /Access Wire/ – Law office of Brodsky & Smith announces that it is investigating potential claims against the Board of Directors of Velocity Acquisition Corp. (“Velocity” or the “Company”) (Nasdaq – VELO) for possible breaches of fiduciary duty and other violations of federal and state law in connection with a merger agreement pursuant to which Velocity, a special purpose acquisition company, will combine with BBQ Holding, LLC, a leading specialty e-commerce platform for higher-end BBQ grills, grilling accessories and outdoor living products for both homeowners and professional builders (“BBQGuys”), and result in BBQGuys becoming a publicly-listed company. Under the terms of the agreement, Velocity shareholders will retain ownership of only 24% of the combined company.

The investigation concerns whether the Velocity Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including the dilution of ownership interest in the combined company.

If you own shares of Velocity 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.