LOS ANGELES–(BUSINESS WIRE)–Schall law firma national shareholder rights litigation firm, announces the filing of a class action lawsuit against Stronghold Digital Mining, Inc. (“Stronghold” or “the Company”) (NASDAQ: SDIG) for violating federal securities laws.
Investors who have purchased shares of the Company as part of and/or traceable to the Company’s initial public offering completed in October 2021 (the “IPO”), are encouraged to contact the Company before June 13, 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us via the firm’s website at www.schallfirm.comor by e-mail to [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to do nothing, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Stronghold’s suppliers, including MinerVa, were unlikely to meet delivery times and quantities. The Company was likely to experience difficulty obtaining miners beyond its confirmed purchase orders due to high market demand. The Company was likely to face significant headwinds in expanding its mining operations. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Stronghold, investors suffered damage.
Join the file to recoup your losses.
Schall Law Firm represents investors worldwide and specializes in securities class action and shareholder rights litigation.
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