An investigation for investors in Zosano Pharma Corp (NASDAQ:ZSAN) shares over potential securities laws violations by Zosano Pharma was announced and NASDAQ:ZSAN stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 06/21/2016 -- Zosano Pharma Corp is under investigation concerning possible violations of Federal Securities Laws. The investigation was announced for investors in NASDAQ:ZSAN shares in connection certain financial statements made by Zosano Pharma Corp.
Shares of Zosano Pharma Corp (NASDAQ:ZSAN) declined from over $11.00 per share in March 2015 to as low as $1.27 per share on June 16, 2016.
Investors who purchased shares of Zosano Pharma Corp (NASDAQ:ZSAN), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on focuses on whether Zosano Pharma Corp and its officers violated securities laws by issuing misleading information to investors. More specifically, the investigation will focus on whether the Company's filings with the SEC concerning its January 2015 Initial Public Offering ("IPO") was misleading.
Fremont, CA based Zosano Pharma Corp offered more than 6,500,000 shares of its common stock at $11.00 per share in connection with its IPO. Shares of Zosano Pharma Corp declined from over $11 in March 2015 to under $2 per share in less than one year.
Zosano Pharma Corporation is a clinical-stage specialty pharmaceutical company that has developed a transdermal microneedle patch system to deliver its formulations of existing drugs through the skin for the treatment of a range of indications. Zosano Pharma Corp went public in January 2015 and shares of Zosano Pharma Corp (NASDAQ:ZSAN) grew to as high as $11.67 per share in March 2015. Since then shares of Zosano Pharma Corp (NASDAQ:ZSAN) declined to as low as $1.95 per share on January 22, 2016.
Those who purchased shares of Zosano Pharma Corp have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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