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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of The Vita Coco Company, Inc. - COCO
The Vita o panyThe Vita o pany(US:COCO) GlobeNewswire News Room·2025-04-25 17:19

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices by The Vita Coco Company, Inc. following allegations of misleading investors regarding its growth and operations [1][3]. Group 1: Allegations and Investigations - NINGI Research published a report on March 26, 2025, alleging that Vita Coco misled investors about its growth and operations, including the potential loss of a key contract with Costco, which accounts for approximately 25% of its net sales [3]. - The report also highlights internal operational issues at Vita Coco, such as supply chain mismanagement, related-party transactions, and underperformance outside its core coconut water business [3]. Group 2: Market Reaction - Following the release of the allegations, Vita Coco's stock price experienced a significant decline, falling by $3.90 per share, or 11%, to close at $31.55 per share on March 26, 2025 [4].