How might the legal scrutiny affect the timeline and certainty of the proposed $5.20 per share buyout?

The Kaskela Law investigation adds a layer of regulatory risk that can push the closing date of the $5.20‑per‑share transaction out several weeks or even months. In buy‑outs that face a fairness‑of‑consideration review, the target’s board often has to negotiate a higher offer, amend the proxy, or, in the worst case, walk away. Until the probe is resolved, the deal‑certainty premium will remain depressed, meaning the current market price—trading roughly 5‑7 % below the announced $5.20 value—will likely stay under pressure. Expect the bid‑ask spread to widen and intraday volatility to rise each time a legal‑update or court filing is released.

From a technical standpoint, WOW’s chart is forming a descending channel with the $5.20 level acting as a strong resistance ceiling. The 50‑day EMA sits near $4.90, and the RSI is in the 40‑45 range, indicating limited upside unless the buyout is reaffirmed. Traders could short‑sell with a tight stop just above $5.20 (e.g., $5.30) to capture any bounce‑back if the deal is confirmed, or alternatively buy protective puts to hedge long positions if they wish to stay in the stock for a potential premium uplift. Monitoring the SEC filing calendar and any court docket entries for Kaskela’s case will be crucial; a definitive “no‑objection” filing would likely trigger a rapid move toward the $5.20 price, while a request for a higher valuation or a delay notice would keep the stock anchored below the offer.