INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Lesaka Technologies, Inc. - LSAK
LesakaLesaka(US:LSAK) Globenewswire·2025-09-24 20:11

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Lesaka Technologies, Inc. and its officers or directors [1] Financial Disclosure - On September 10, 2025, Lesaka disclosed that its Audit Committee concluded that the unaudited condensed consolidated financial statements for the quarters ended September 30, 2024, December 31, 2024, and March 31, 2025, should be restated due to a re-evaluation of revenue classification [3] - The company indicated that the previously reported financial statements should no longer be relied upon, impacting the classification of certain revenue as an agent rather than as a principal, along with related cost of goods sold [3] Market Reaction - Following the announcement of the financial restatement, Lesaka's stock price experienced a sharp decline during intraday trading on September 11, 2025 [3]