An investigation for investors in The RealReal, Inc. (NASDAQ: REAL) shares over potential securities laws violations by The RealReal, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/24/2019 -- The RealReal, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of The RealReal, Inc. (NASDAQ: REAL), 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 whether a series of statements by The RealReal, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based The RealReal, Inc. operates an online marketplace for consigned luxury goods. In June 2019, The RealReal, Inc. completed its initial public offering ("IPO"), selling 17.25 million shares at $20.00.
On August 13, 2019, The RealReal, Inc. disclosed that its average order value for second quarter 2019 results was just $452.61, or essentially flat year-over-year, due to promotional activity by retailers.Shares of The RealReal, Inc. (NASDAQ: REAL) declined to as low as $12.58 per share on August 28, 2019.
Those who purchased shares of The RealReal, Inc. (NASDAQ: REAL) 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 conftact 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.