A US law firm has claimed it is investigating the conduct of Nasdaq-listed MGO Global following the announcement of its merger with tanker and bulker manager Heidmar.

The deal, announced on Thursday, will see Greece’s Heidmar obtain a US stock listing by effectively taking over the digital lifestyle brand company.

Milwaukee law firm Ademi said its probe centres on any potential “breaches of fiduciary duty and other violations” in the reverse merger.