San Diego, CA -- (SBWIRE) -- 10/27/2020 -- Immunovant, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.

Investors who purchased shares of Immunovant, Inc. (NASDAQ: IMVT), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Immunovant, Inc. (NASDAQ: IMVT) concerning whether a series of statements by Immunovant, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

New York based Immunovant, Inc., a clinical-stage biopharmaceutical company, develops monoclonal antibodies for the treatment of autoimmune diseases. On April 14, 2020, Immunovant, Inc. (NASDAQ: IMVT) announced the pricing of its underwritten public offering of 8,359,448 shares of its common stock at a price to the public of $14.50 per share. Immunovant, Inc estimated the the aggregate gross proceeds to Immunovant its initial public offering to be approximately $121.2 million, before deducting underwriting discounts and commissions and offering expenses.

Since then shares of Immunovant, Inc. (NASDAQ: IMVT) increased to as high as $43.94 per share on October 13, 2020.

Those who purchased shares of Immunovant, Inc. (NASDAQ: IMVT), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.