Apimeds Pharmaceuticals Files Emergency Action in Delaware Court Over Inscobee's Breach of Merger Agreement

Apimeds Pharmaceuticals US Inc. announced a material breach of the merger agreement by Inscobee Inc. and Apimeds Inc., which purports to effect a hostile takeover of the company's board of directors by written consent. The company considers these actions void and of no legal effect, and has filed an emergency action in the Delaware Court of Chancery seeking a declaration that the purported written consent is invalid.