Investor Notice: Deadline in Lawsuit for Investors who Lost over $100,000 in Stronghold Digital Mining, Inc. shares announced by Shareholders Foundation
SAN DIEGO, May 25, 2022 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a deadline is coming up on June 13, 2022, in the lawsuit that was filed for certain investors in Stronghold Digital Mining, Inc. (NASDAQ: SDIG) shares.
Investors with losses more than
On April 14, 2022, a lawsuit was filed against Stronghold Digital Mining, Inc. over alleged securities laws violations. The plaintiff alleges that the Registration Statement that was filed in connection with the Company's October 2021 initial public offering ("IPO") was materially false and misleading and omitted to state that contracted suppliers, including MinerVa, were reasonably likely to miss anticipated delivery quantities and deadlines, that, due to strong demand and pre-sold supply of mining equipment in the industry, Stronghold would experience difficulties obtaining miners outside of confirmed purchase orders, that, as a result of the foregoing, there was a significant risk that Stronghold could not expand its mining capacity as expected, that, as a result, Stronghold would likely experience significant losses, and that as a result, Defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.
Those who purchased Stronghold Digital Mining, Inc. (NASDAQ: SDIG) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
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SOURCE Shareholders Foundation, Inc.
