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Levi & Korsinsky Notifies Bitfarms Ltd. Investors of a Class Action Lawsuit and Upcoming Deadline - BITF
Prnewswire· 2025-05-27 09:45
NEW YORK, May 27, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Bitfarms Ltd. ("Bitfarms Ltd." or the "Company") (NASDAQ: BITF) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Bitfarms Ltd. investors who were adversely affected by alleged securities fraud between March 21, 2023 and December 9, 2024. Follow the link below to get more information and be contacted by a member of our team: https://zlk.com/pslra-1/bitfarms-ltd-lawsuit-su ...
Midland States Bancorp, Inc. receives expected notification of deficiency from Nasdaq related to delayed filing of Quarterly Report on Form 10-Q
Globenewswire· 2025-05-23 20:45
Core Viewpoint - Midland States Bancorp, Inc. received a deficiency notification from Nasdaq due to the late filing of its Annual Report on Form 10-K and Quarterly Report on Form 10-Q, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) [1][3]. Company Compliance Status - The notification does not have an immediate effect on the listing or trading of the Company's common stock on the Nasdaq Global Select Market [2]. - The Company has until June 2, 2025, to submit a plan to regain compliance with the Listing Rule, with a potential extension until September 29, 2025 [3]. Financial Reporting Evaluation - The Company is currently evaluating its accounting and financial reporting related to third-party lending and servicing arrangements, including assessing goodwill impairment [4]. Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company with total assets of approximately $7.46 billion as of March 31, 2025, and its Wealth Management Group manages assets of about $4.10 billion [6].
Robbins LLP Reminds Bitfarms, Ltd. Stockholders of the Class Action Against BITF – Contact Us for Information
GlobeNewswire News Room· 2025-05-22 19:59
Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. for alleged deficiencies in internal controls over financial reporting, leading to misstatements in financial statements and a need for restatement [1][2]. Group 1: Allegations and Financial Misstatements - The complaint alleges that Bitfarms failed to disclose deficient internal controls over financial reporting, resulting in the incorrect categorization of proceeds from digital asset sales [2]. - Bitfarms misclassified cash flows from the sale of digital assets as operating activities instead of investing activities, leading to inaccuracies in financial statements [2]. - The company also overstated its ability to remediate material weaknesses in its internal controls, particularly regarding the classification of 2021 Warrants [2]. - On December 9, 2024, Bitfarms announced that its consolidated financial statements for fiscal years 2022 and 2023 contained material errors and would need to be restated [3]. - Following the announcement, Bitfarms' stock price fell by $0.13 per share, or 6.07%, closing at $2.01 per share on December 10, 2024 [3]. Group 2: Class Action Participation - Shareholders who wish to serve as lead plaintiffs in the class action must file their papers with the court by July 8, 2025 [4]. - Participation in the case is not required to be eligible for recovery; shareholders can remain absent class members if they choose [4]. Group 3: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
SOUN Lead Plaintiff Deadline Coming Up on May 27, 2025 - SoundHound AI, Inc. Investors Should Contact Robbins LLP for Information
GlobeNewswire News Room· 2025-05-22 19:41
Core Viewpoint - A class action lawsuit has been filed against SoundHound AI, Inc. for failing to disclose material weaknesses in its internal controls over financial reporting, particularly related to corporate acquisitions [1][2]. Group 1: Allegations - The lawsuit alleges that SoundHound did not disclose material weaknesses in its internal controls, which impaired its ability to account for corporate acquisitions [2]. - It is claimed that the company overstated its remediation efforts regarding these internal control weaknesses [2]. - The reported goodwill following the Amelia Acquisition was inflated and would require correction due to these weaknesses [2]. - SoundHound is expected to incur additional time and costs to account for the SYNQ3 and Amelia Acquisitions [2]. - The weaknesses increased the risk of the company being unable to file certain financial reports with the SEC in a timely manner [2]. Group 2: Stock Impact - On March 4, 2025, SoundHound announced it would be unable to timely file its Annual Report for 2024, citing the complexity of accounting for the SYNQ3 and Amelia Acquisitions [3]. - Following this announcement, SoundHound's stock price fell by $0.61, or 5.86%, closing at $9.72 per share [3]. Group 3: Class Action Participation - Shareholders may be eligible to participate in the class action against SoundHound AI, Inc. and can contact Robbins LLP if they wish to serve as lead plaintiff [4]. - Shareholders do not need to participate in the case to be eligible for recovery and can remain absent class members if they choose [4]. Group 4: Company Background - Robbins LLP is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses and improve corporate governance since 2002 [5].
Investors in Compass Group Diversified Holdings, LLC Should Contact The Gross Law Firm Before July 8, 2025 to Discuss Your Rights – CODI
GlobeNewswire News Room· 2025-05-21 17:21
NEW YORK, May 21, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of Compass Group Diversified Holdings, LLC (NYSE: CODI). Shareholders who purchased shares of CODI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/compass-diversified-loss-submission-form/?id=149378&from=3 CL ...
BITF Class Action Alert: Robbins LLP Reminds Bitfarms, Ltd. Stockholders of the Pending Lead Plaintiff Deadline of July 8, 2025
GlobeNewswire News Room· 2025-05-19 18:47
SAN DIEGO, May 19, 2025 (GLOBE NEWSWIRE) -- Robbins LLP reminds stockholders that a class action was filed on behalf of all persons and entities that purchased or otherwise acquired Bitfarms Ltd. (NASDAQ: BITF) securities between March 21, 2023 and December 9, 2024. Bitfarms operates integrated Bitcoin (also referred to as “BTC”) data centers in Canada, the U.S., Paraguay, and Argentina. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegation ...
Egide: temporary transfer of the EGIDE shares to the « Penalty Bench » compartment from May 16th 2025
Globenewswire· 2025-05-15 06:00
Core Points - Egide Group's shares will be transferred to the "Penalty Bench" compartment effective May 16, 2025, due to the delay in publishing its 2024 Annual Financial Report [2][3] - The exit from the "Penalty Bench" will occur automatically once the Annual Financial Report for the year ending December 31, 2024, is published [3] - The publication of the 2024 Annual Financial Report was initially scheduled for April 30, 2025, but has been postponed to complete the audit process [4][5] Financial Calendar - The 2025 Half-Year Revenue is scheduled for July 30, 2025 [6] - The 2025 Half-Year Results will be announced on October 20, 2025 [6] Company Overview - Egide Group specializes in manufacturing hermetic packages and heat dissipation solutions for sensitive electronic components, operating in high-tech markets with significant barriers to entry [6] - The company is the only pure player in its niche market, with manufacturing bases located in France and the United States [6]
BITF Shareholder Alert: Robbins LLP Informs Investors of the Bitfarms Ltd. Class Action Lawsuit
Prnewswire· 2025-05-12 21:58
Core Viewpoint - A class action lawsuit has been filed against Bitfarms Ltd. for alleged deficiencies in internal controls over financial reporting, leading to misstatements in financial statements and a need for restatement [1][2][3]. Group 1: Allegations and Financial Reporting Issues - The complaint alleges that Bitfarms failed to disclose deficiencies in internal controls over financial reporting during the class period [2]. - Bitfarms incorrectly categorized proceeds from the sale of digital assets as cash flow from operating activities instead of cash flow from investing activities [2]. - The company overstated its ability to remediate material weaknesses in its internal controls related to the classification of 2021 Warrants [2]. - These errors resulted in misstatements in several previously issued financial statements, which are now likely to be restated [2]. Group 2: Impact of the Announcement - On December 9, 2024, Bitfarms announced that its consolidated financial statements for fiscal years 2022 and 2023 contained a material error regarding the classification of proceeds from digital asset sales [3]. - Following this announcement, Bitfarms' stock price fell by $0.13 per share, or 6.07%, closing at $2.01 per share on December 10, 2024 [3]. Group 3: Class Action Participation - Shareholders interested in serving as lead plaintiffs in the class action must file their papers with the court by July 8, 2025 [4]. - Shareholders can remain absent class members and still be eligible for recovery without participating in the case [4].
Stonegate Capital Partners Updates 1Q25 Report on Gladstone Commercial Corp. (GOOD)
Newsfile· 2025-05-09 13:32
Core Insights - Gladstone Commercial Corporation (NASDAQ: GOOD) reported revenue of $37.5 million, FFO per share of $0.34, and AFFO per share of $0.29, which were in line with consensus estimates for FFO but slightly below for revenue and AFFO [1] - Core FFO decreased from $0.35 in Q4 2024 to $0.34 in Q1 2025 [1] Financial Performance - Revenue: $37.5 million compared to estimates of $36.8 million and $37.3 million [1] - FFO per share: $0.34, matching consensus estimates [1] - AFFO per share: $0.29, below the consensus estimate of $0.26 [1] - Core FFO: $0.34 per share, down from $0.35 in the previous quarter [1] Operational Highlights - Six fully leased properties were acquired during the quarter [6] - 100% of rents have been collected year-to-date, with an occupancy rate of 98.4% at the end of the quarter [6] - Industrial properties represent 65% of straight-line rents [6]
Q1 Report Fenix Outdoor International AG
Globenewswire· 2025-05-05 11:00
FENIX OUTDOOR INTERNATIONAL AGInterim condensed consolidated financial statements for the period ended 31 March 2025 First quarter 2025-01-01 – 2025-03-31 The total income of the Group was TEUR 160,082 (TEUR: 168,676), a decrease of 5.1%.The EBITDA of the Group was TEUR 18,028 (TEUR: 27,212).The operating profit of the Group was TEUR 5,181 (TEUR: 12,782).The profit before tax of the Group was TEUR 3,673 (TEUR: 11,363).The profit after tax of the Group was TEUR 94 (TEUR: 6,910).Earnings per share amounted to ...