NEW YORK, August 2, 2018 – To: All Persons or Entities who purchased Jamba, Inc. (“Jamba” or the “Company”) (NASDAQGM: JMBA) stock prior to August 2, 2018. Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Jamba to Focus Brands Inc. for $13.00 per share. To learn more about the Jamba merger and your rights, go to: http://www.zlk.com/mna/jamba-inc or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The Jamba merger investigation concerns whether the Board of Jamba breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Focus Brands Inc. is underpaying for Jamba shares, thus unlawfully harming Jamba shareholders. Investors owning approximately 27% of Jamba’s outstanding shares have agreed to tender their shares in favor of the transaction.