LOS ANGELES–(Organization WIRE)–The Schall Regulation Business, a countrywide shareholder rights litigation company, announces that it is investigating statements on behalf of traders of Eos Vitality Enterprises, Inc. (“Eos Energy” or “the Company”) (NASDAQ: EOSE) for violations of the securities guidelines.
The investigation focuses on whether or not the Corporation issued false and/or deceptive statements and/or unsuccessful to disclose data pertinent to traders. Eos Electricity is the matter of a report revealed by Iceberg Investigate on January 14, 2021. The report, titled “Eos Power ($EOSE): Phony Customers Will not Recharge a Useless Battery,” alleges that the Company suffers from “failed technological know-how and dubious customers.” The report states that “the disclosed buyers are really unlikely to have the fiscal means to honour their contracts,” and “estimate[s] that EOS’ equity is worthy of only $144M . . . which signifies a 90% draw back from its present-day sector cap of $1.5B.” Based mostly on this information, shares of Eos Electrical power fell by far more than 13.5% on the exact same day.
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