The merger agreement mentions that certain stockholders are entitled to have the fair value of their shares judicially determined and paid to them by complying with Section 262 of the DGCL. I wasn't asked to vote on the merger, so not sure if the section applies to me.
I am no longer employed with the company, so it is hard to understand what any of that means and if I can do anything to get some money for my shares.
Did anyone have experience with mergers and going through with the fair value evaluation? Or maybe someone can recommend a law firm that may offer a paid consultation?
This wording is unusual to me. Once you exercise an option, you no longer have it because you’ve used it to buy shares.
If you have ownership shares in the company, and the company was bought, then you should have been compensated (in theory, depending on the terms of the acquisition—hire a lawyer).
If your options were merely vested and not exercised, then they could now be worthless.
I’m not a lawyer; I’m commenting only because this is in new and no one else has commented. If others comments will be made they will probably be better informed than this one.