PR Newswire | Sep 22, 2020 02:15PM EDT

Investigations

09/22 13:14 CDT

WeissLaw LLP Reminds BYFC, OTEL and PTI Shareholders About Its Ongoing Investigations NEW YORK, Sept. 22, 2020

NEW YORK, Sept. 22, 2020 /PRNewswire/ --

If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact:

Joshua Rubin, Esq.WeissLaw LLP1500 Broadway, 16th FloorNew York, NY 10036(212) 682-3025(888) 593-4771stockinfo@weisslawllp.com

Broadway Financial Corporation(NASDAQ: BYFC)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Broadway Financial Corporation (NASDAQ: BYFC) in connection with the proposed stock-for-stock merger of equals with CFBanc Corporation ("City First"). Under the terms of the merger agreement, City First shareholders will receive 13.626 shares of BYFC for each share of City First common stock they own. If you own BYFC shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/news/broadway-financial-corporation/

Otelco Inc.

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Otelco Inc. in connection with the proposed acquisition of the company by affiliates of Oak Hill Capital Management, LLC. Under the terms of the acquisition agreement, OTEL shareholders will receive a mere $11.75 in cash for each share of OTEL common stock they own. If you own OTEL shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/otelco-inc/

Proteostasis Therapeutics, Inc. (NASDAQ: PTI)

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Proteostasis Therapeutics, Inc. (NASDAQ: PTI) in connection with the company's proposed reverse merger with Yumanity Therapeutics, Inc. ("Yumanity"). Under the terms of the merger agreement, PTI will acquire all outstanding shares of Yumanity in exchange for newly-issued shares of PTI common stock, and the combined entity will operate under the Yumanity name. Following consummation, Yumanity shareholders will own 67.5% of the new entity, with existing PTI shareholders owning only 32.5%. If you own PTI shares and wish to discuss this investigation or your rights, please call us at one of the numbers listed above or visit our website: https://weisslawllp.com/proteostasis-therapeutics-inc/

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SOURCE WeissLaw LLP