SAN DIEGO, Jan. 27, 2023 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. has announced that the February 6 deadline for lawsuits filed against certain investors in Iris Energy Limited (NASDAQ:IREN) stock is announced that it was coming.
Investors who purchase more than $250,000 in shares of Iris Energy Limited (NASDAQ:IREN) have certain options with short and strict deadlines. Deadline: February 6, 2023. NASDAQ: IREN investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
On December 7, 2022, a lawsuit was filed against Iris Energy Limited of the United States for alleged violations of securities laws. Plaintiffs allege that the offering documents filed in connection with the Company’s initial public offering (“IPO”) on or about November 17, 2021 through November 1, 2022 Defendants have made false and/or misleading statements between and/or that certain Bitcoin miners of Iris Energy Limited owned through non-recourse SPVs have been funded by their respective debts. The failure to disclose that it was unlikely to generate sufficient cash flow to meet its obligations led Iris to use the Equipment Financing Agreement to ensure that Bitcoin miner procurement was not as sustainable as defendants stated and the aforementioned could have a material adverse effect on the Company’s business, operations and financial condition and, as a result, from November through November 17, 2021 and November 1, 2022, will be subject to material errors and/or It was misleading and did not include information that should have been included there. .
If you have purchased shares in Iris Energy Limited (NASDAQ: IREN), please contact Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a portfolio legal oversight and settlement submission services specialist that conducts research related to shareholder matters and provides investors with securities class action, settlement, judgment, and equity/financial Informs the market of other legally relevant news. The Shareholders Foundation, Inc. is not a law firm. The incident, investigation and/or settlement referred to has not been filed/initiated/reached and/or is not related to the Shareholders Foundation. Information is provided as a public service only. It is not intended as legal advice and should not be relied upon.
