1847 Goedeker Announces it's Unaware of Reason for Stock Volatility
1847 Goedeker Inc. (NYSE American: GOED) announced it is unaware of the reason for unusual stock price volatility following discussions with its directors and major shareholders. The Company confirmed there are no recent corporate developments affecting its business or affairs that have not been previously disclosed. Goedeker, an e-commerce retailer of appliances and furniture since 1951, primarily operates online and offers over 141,000 items on its website.
- No undisclosed corporate developments affecting the company are reported.
- Unusual stock price volatility raises concerns among investors.
1847 Goedeker Inc. (NYSE American: GOED) (“Goedekers” or the “Company”), a one-stop e-commerce destination for appliances and furniture, today announced in response to unusual market activity, and after speaking with its directors, major shareholders and other relevant persons, it is unaware of the reason behind today’s stock price volatility. The Company confirms there is no corporate development relating to its business and affairs that has not been previously announced.
About 1847 Goedeker Inc.
1847 Goedeker Inc. is an industry leading e-commerce destination for appliances, furniture, and home goods. Since its founding in 1951, Goedekers has transformed from a local brick and mortar operation serving the St. Louis metro area to a respected nationwide omnichannel retailer that offers one-stop shopping for national and global brands. While the Company maintains its St. Louis showroom, over
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” "will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission and other reports filed with the Securities and Exchange Commission thereafter. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.
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FAQ
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