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Integral Ad Science Holding Corp.

Johnson Fistel, PLLP Assessing Board Fiduciary Duty Breaches in the IAS Go-Private Merger

Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Integral Ad Science Holding Corp. (NASDAQ: IAS) breached their fiduciary duties in connection with the proposed sale of the company to private equity firm Novacap.

Background

  • On September 24, 2025, Integral Ad Science Holding Corp. (“IAS”) and Novacap announced that they had entered into a definitive merger agreement under which Novacap will acquire all issued and outstanding shares of IAS for $10.30 per share in cash.
  • The $10.30 per-share consideration represents a material discount to the consensus of Wall Street analyst price targets, which currently average $13.04 per share and reach as high as $18.00 per share.
  • For context, IAS’s initial public offering was priced at $18.00 per share.

If you own IAS shares and believe this proposed deal grossly undervalues your investment, please consider joining our investigation.

Shareholders seeking more information may also contact lead analyst Jim Baker (jimb@johnsonfistel.com, 619-814-4471). If emailing, please include a phone number.