Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Seritage (SRG) To Contact Him Directly To Discuss Their Options If you are a long-term stockholder in Seritage between July 7, 2022 and May 10, 2024 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, Sept. 27, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recognize ...

Core Viewpoint - America's Car-Mart, Inc. is working to complete omitted disclosures related to loan modifications for customers facing financial difficulties, which will be included in its Annual Report on Form 10-K for the fiscal year ended April 30, 2025 [1][3] Group 1: Disclosure Requirements - The company identified the need to include disclosures related to loan modifications in accordance with Financial Accounting Standards Board Accounting Standards Codification (ASC) 310-10-50-42 through 50-44 [3] - The company determined that its previously issued financial statements contain material omissions of required disclosures under these ASC provisions [3][4] Group 2: Specific Omissions - Required disclosures include qualitative and quantitative information about the types of modifications utilized, total period-end amortized cost basis of modified receivables, and the percentage of modifications made to debtors experiencing financial difficulty [4] - The financial effect of modifications by type, including changes to contractual terms and the incremental effect of principal forgiveness, was also omitted [4] - Performance of receivables in the 12 months following a modification for debtors experiencing financial difficulty was not disclosed [4] Group 3: Internal Control and Reporting - The company identified deficiencies in its internal control over financial reporting related to the omitted disclosures and expects to report material weaknesses in its Form 10-K [5] - Management determined that certain previously issued financial statements should no longer be relied upon due to the omission of loan modification information [6] - The affected periods include quarterly reports for fiscal years 2024 and 2025 through January 31, 2025, and the annual report for fiscal year 2024 [6] Group 4: Impact on Financial Statements - The additional disclosures required will not affect the accuracy of the company's previously reported financial results, including earnings, balance sheet, cash flows, or shareholder equity [7][9] - The company plans to report the omitted loan modification disclosures for the non-reliance periods in its Form 10-K [7] Group 5: Filing and Compliance - The company is working to complete the necessary disclosures and will file its Form 10-K as soon as practicable [8] - The company expects to receive a notice from Nasdaq regarding non-compliance with timely filing requirements, but does not anticipate an immediate effect on the listing or trading of its common stock [10] Group 6: Company Overview - America's Car-Mart operates automotive dealerships in 12 states and is one of the largest publicly held automotive retailers in the U.S., focusing on the "Integrated Auto Sales and Finance" segment of the used car market [11]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against SoundHound AI, Inc. due to a class action complaint alleging breaches of fiduciary duties by the board of directors during a specified class period [1] Summary by Relevant Sections Class Action Complaint - The complaint alleges that during the class period, SoundHound failed to disclose material weaknesses in its internal controls over financial reporting, which impaired its ability to account for corporate acquisitions [2] - It is claimed that SoundHound overstated its remediation efforts regarding these internal control weaknesses, leading to inflated reported goodwill following the Amelia Acquisition [2] - The complaint also indicates that SoundHound would require additional time and resources to account for the SYNQ3 and Amelia Acquisitions, increasing the risk of delayed financial report filings with the SEC [2] SEC Filing and Stock Impact - On March 4, 2025, SoundHound announced it would be unable to timely file its Annual Report for 2024, citing complexities in accounting for the SYNQ3 and Amelia Acquisitions and identified material weaknesses in internal controls [3] - Following this announcement, SoundHound's stock price fell by $0.61 per share, or 5.86%, closing at $9.72 per share [3]

Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. due to alleged securities fraud affecting investors between March 21, 2023, and December 9, 2024 [1] Group 1: Allegations and Financial Reporting Issues - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2] - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2] - The complaint also states that Bitfarms overstated its ability to remediate material weaknesses in its internal controls related to the classification of 2021 Warrants [2] - These errors led to misstatements in several previously issued financial statements, which are now deemed inaccurate and likely to require restatement [2] - Consequently, the company's public statements were materially false and misleading throughout the relevant period [2] Group 2: Legal Process and Participation - Investors who suffered losses in Bitfarms Ltd. during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff [3] - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3] Group 3: Firm Background - Levi & Korsinsky has a history of securing significant compensation for shareholders and has been recognized as one of the top securities litigation firms in the U.S. for seven consecutive years [4]

Core Viewpoint - A class action securities lawsuit has been filed against Bitfarms Ltd. alleging securities fraud affecting investors between March 21, 2023, and December 9, 2024 [1][2]. Group 1: Allegations and Financial Misstatements - The lawsuit claims that Bitfarms had inadequate internal controls over financial reporting [2]. - It is alleged that the company misclassified proceeds from the sale of digital assets, categorizing them as cash flow from operating activities instead of investing activities [2]. - The complaint states that Bitfarms overstated its ability to remediate material weaknesses in its internal controls related to the classification of 2021 Warrants [2]. - Due to these errors, various items in previously issued financial statements were misstated, leading to inaccuracies that may require restatement [2]. - The public statements made by the company were deemed materially false and misleading throughout the relevant period [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified timeframe have until July 8, 2025, to request appointment as lead plaintiff [3]. - Participation in the lawsuit does not require serving as a lead plaintiff, and class members may be entitled to compensation without any out-of-pocket costs [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

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].

Financial Performance - Cambium Networks Corporation (CMBM) is expected to report revenues of $34 million for Q4 2024, down from the previous estimate of $40-45 million and a decline from $40.2 million in the same quarter last year [1] - For the full year 2024, revenues are projected at $166 million, a decrease from $220.2 million in 2023, with a net loss estimated at $92 million or $3.29 per share, compared to a net loss of $77.4 million or $2.81 per share in 2023 [2] Impairment and Losses - The company anticipates non-cash charges of $27 million related to the impairment of goodwill and other intangible assets, primarily due to competitive market pressures and soft demand trends [2] - The widening losses in 2024 are attributed to both top-line decline and these impairment charges [2] Internal Control Issues - Cambium has identified issues in its internal control over financial reporting, particularly concerning allowance for credit losses, customer incentives, and IT general controls [3] - The company is taking steps to resolve these material weaknesses and implement additional processes [3] Competitive Environment - Cambium operates in a highly competitive environment, facing rapid technology shifts that require significant investment in research and development (R&D) to enhance product offerings [4] - The company's financial results and the need for R&D investments may strain its margins and impact long-term business prospects [4] Stock Performance - CMBM's stock has decreased by 83.8% over the past year, contrasting with the industry's growth of 41.1% [7] - Currently, Cambium holds a Zacks Rank of 3 (Hold) [8]

Core Viewpoint - Cambium Networks Corporation has filed a Notification of Late Filing for its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, due to the need for additional time to finalize its consolidated financial statements and internal control assessments [1][2]. Financial Performance - For the fiscal year ended December 31, 2024, Cambium Networks expects revenues of approximately $166.0 million, a decrease from $220.2 million in the prior year [8]. - The company anticipates a net loss of approximately $92.0 million, or $3.29 per diluted share, compared to a net loss of $77.4 million, or $2.81 per diluted share, for the fiscal year ended December 31, 2023 [8]. - For the quarter ended December 31, 2024, revenues are expected to be around $34.0 million, down from $40.2 million in the same quarter of the previous year [8]. - The anticipated net loss for the quarter is approximately $47.0 million, or $1.66 per diluted share, compared to a net loss of $52.9 million, or $1.91 per diluted share, for the quarter ended December 31, 2023 [8]. - Included in the net losses for both the quarter and year are approximately $27.0 million of non-cash charges related to impairment of goodwill and other intangible assets, attributed to weakened forecast demand and competitive pressures [8]. Internal Control Issues - The company has identified material weaknesses in its internal control over financial reporting, particularly concerning Allowance for Credit Losses, Customer Incentives, and Information Technology General Controls [3]. - Cambium Networks is implementing measures to improve its internal control over financial reporting, with oversight from the Audit Committee and assistance from external advisors [3]. Going Concern - The Annual Report on Form 10-K is expected to include disclosures regarding substantial doubt about the company's ability to continue as a going concern [6].