An investigation for investors in Alliance MMA Inc shares over potential securities laws violations by Alliance MMA Inc was announced and NASDAQ:AMMA stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 04/17/2017 -- An investigation on behalf of investors in NASDAQ:AMMA shares was announced concerning possible securities laws violations by Alliance MMA Inc in connection certain financial statements.
Investors who purchased shares of Alliance MMA Inc (NASDAQ:AMMA), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether certain statements by Alliance MMA Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On March 31, 2017, Alliance MMA Inc announced that it would be unable to timely file its Form 10-K for the period ended December 31, 2016 due to efforts to resolve certain matters relating to non-cash compensation expenses incurred prior to its initial public offering on September 30, 2016.
On April 12, 2017, Alliance MMA Inc revealed that its previously issued condensed consolidated financial statements for the nine months ended September 30, 2016, for the quarter ended September 30, 2016 and for the three and six months ended June 30, 2016 should no longer be relied upon because of an error in recognizing as compensation transfers of common stock by an affiliate of Alliance MMA Inc to individuals who were at the time of transfer, or subsequently became, officers, directors or consultants of Alliance MMA Inc .
Shares of Alliance MMA Inc (NASDAQ:AMMA) declined from $4.65 per share in October 2016 to as low as $2.24 per share on April 13, 2017.
Those who purchased shares of Alliance MMA Inc have certain options and should contact the Shareholders Foundation.
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