San Diego, CA -- (SBWIRE) -- 02/01/2023 -- The Shareholders Foundation announced that a deadline is coming up on February 14, 2023 in the lawsuit filed for certain investors of Sunlight Financial Holdings Inc. (NYSE: SUNL) over alleged securities laws violations by Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II.

Investors who purchased shares of Sunlight Financial Holdings Inc. (NYSE: SUNL) have certain options and there are strict and short deadlines running. Deadline: February 14, 2023. NYSE: SUNL stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges on behalf of purchasers of Sunlight Financial Holdings Inc. (NYSE: SUNL) common shares between January 25, 2021 and September 28, 2022, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between January 25, 2021 and September 28, 2022, the defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective underwriting and risk evaluation with respect to its contractor advance program; (2) Sunlight lacked the oversight and periodic monitoring systems necessary to timely detect bad debt associated with its contractor advance program; (3) the Company lacked effective internal controls over accounting and reporting of non-cash advance receivables; (4) as a result, the Company would be forced to take a non-cash advance receivables impairment charge exceeding $30 million; and (5) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

Those who purchased shares of Sunlight Financial Holdings Inc. (NYSE: SUNL) 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 The 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.