SCR Alert: Johnson Fistel Launches Investigation into Score Media and Gaming - Stock Price has Plummeted Since IPO; Investors Suffering Losses Encouraged to Contact the Firm
- 50
PR Newswire
SAN DIEGO, July 22, 2021
SAN DIEGO, July 22, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Score Media and Gaming Inc. ("Score Media" or the "Company") (NASDAQ: SCR) for violations of federal securities laws.
On or about February 2021, Score Media sold about 6 million shares of stock in its initial public stock offering (the "IPO") at $27 a share, raising nearly $162 million in new capital.
On July 13, 2021, Score Media reported its financial results for the third fiscal quarter of 2021. Score Media reported GAAP loss per share of $0.78, missing consensus estimates by $0.48, and an EBITDA loss of $21.1 million, compared to an $8.7 million loss for the same period in the prior year.
Following this news, Score Media's shares fell 9%, to close at $15.99 per share on July 14, 2021.
Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its February 2021 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.
If you have information that could assist in this investigation, or if you are a Score Media shareholder and are interested in learning more about the investigation, please contact Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.
Additionally, you can [Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]
[Click here to join this action]
SOURCE Johnson Fistel, LLP
PR Newswire est une agence de presse américaine, située à New York spécialisée dans la publication de communiqués de presse.
- Westport publiera ses résultats financiers du premier trimestre 2024 le 8 mai 2024
- Cnova NV : Publication du rapport financier annuel 2023
- METAVISIO - THOMSON Computing : report de publication des résultats annuels 2023
- IPSOS : Mise à disposition des documents préparatoires à l’Assemblée générale mixte du 14 mai 2024
- EGIDE : report de la publication de ses résultats annuels 2023 et annulation de la réunion SFAF du 26 avril
- Communiqué Résultats Micropole 2023