The Ademi Firm is investigating Dogwood (OTCQX: DSBX) for possible breaches of fiduciary duty and other violations of law in its going-private transaction.

Click here to learn how to join our investigation and obtain additional information or contact us at gademi@ademilaw.com or toll-free: 866-264-3995. There is no cost or obligation to you.

Shareholders of Dogwood will receive 0.700 shares of TowneBank common stock for each outstanding share of Dogwood stock. The deal value per share of $25.04 is based on TowneBank's 15-day average closing stock price of $35.77 as of August 18, 2025.

Dogwood insiders will receive substantial benefits as part of change of control arrangements.

The transaction agreement unreasonably limits competing transactions for Dogwood by imposing a significant penalty if Dogwood accepts a competing bid. We are investigating the conduct of the Dogwood board of directors, and whether they are fulfilling their fiduciary duties to all shareholders.

We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.

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