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BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Richmond Mutual Bancorporation, Inc. (Nasdaq – RMBI), Sealed Air Corporation (NYSE – SEE), Movano Inc. (Nasdaq – MOVE), Gulf Island Inc. (Nasdaq – GIFI)

By: Brodsky & Smith LLC via GlobeNewswire
December 01, 2025 at 17:21 PM EST

BALA CYNWYD, Pa., Dec. 01, 2025 (GLOBE NEWSWIRE) -- Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky (jbrodsky@brodskysmith.com) or Marc Ackerman (mackerman@brodskysmith.com) at 855-576-4847. There is no cost or financial obligation to you.

Sealed Air Corporation (NYSE – SEE)

Under the terms of the agreement, Sealed Air will be acquired by CD&R for $42.15 in cash per share, in an all-cash transaction with an enterprise value of $10.3 billion. The investigation concerns whether the Sealed Air Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/sealed-air-corporation-nyse-see-2/.

Movano Inc. (Nasdaq – MOVE)

Under the terms of the agreement, Movano will be acquired by Corvex, Inc. (“Corvex”). Upon closing, pre-Merger Corvex stockholders would own approximately 96.2% of the combined company and pre-Merger Movano stockholders would own approximately 3.8% of the combined company. The investigation concerns whether the Movano Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/movano-inc-nasdaq-move/.

Gulf Island Inc. (Nasdaq – GIFI)

Under the terms of the Merger Agreement, Gulf Island will be acquired by IES Holdings, Inc. (“IES”) (Nasdaq – IESC) for $12.00 per share in cash for each share of common stock owned at closing, an aggregate equity value of approximately $192 million. The investigation concerns whether the Gulf Island Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/gulf-island-inc-nasdaq-gifi/.

Richmond Mutual Bancorporation, Inc. (Nasdaq – RMBI)

Under the terms of the Merger Agreement, Richmond Mutual will be acquired by The Farmers Bancorp, Frankfort, Indiana (“Farmers Bancorp”) (OTCPK – FABP) in an all-stock transaction valued at approximately $82 million, or $44.71 per share of Farmers Bancorp common stock, based on a closing price for Richmond Mutual's common stock of $13.15 as of November 10, 2025. The investigation concerns whether the Richmond Mutual Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/richmond-mutual-bancorporation-inc-nasdaq-rmbi/ .

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.


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