SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Arhaus, Inc. - ARHS

Group 1 - Pomerantz LLP is investigating claims on behalf of investors of Arhaus, Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - Arhaus conducted its initial public offering on November 4, 2021, selling 12.9 million shares at a price of $13.00 per share [1] - On April 29, 2024, Arhaus disclosed that its previously issued unaudited financial statements for the period ended September 30, 2023 contained errors that necessitated restatement [2] Group 2 - The identified errors in Arhaus's financial statements related to incorrect inclusion of cash receipts from landlord reimbursements, affecting the balance sheet and cash flow statements [2] - The estimated impact of the errors is an increase in net cash provided by operating activities and an increase in net cash used in investing activities, ranging from approximately $1 million to $5 million [2] - Following the announcement of the financial restatement, Arhaus's stock price fell by $0.80 per share, or 5.94%, closing at $12.66 per share on April 30, 2024 [2]