An investigation for investors in Holley Inc. (NYSE:HLLY) shares over potential securities laws violations by Holley Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/07/2023 -- Holley Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Holley Inc. (NYSE: HLLY), 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 whether a series of statements by Holley Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Bowling Green, KY based Holley Inc. f/k/a Empower Ltd. designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China.
On July 16, 2021, Empower Ltd., previously operating as a SPAC, completed a business combination with Holley Intermediate Holdings, Inc. The combined company became Holley and its common stock and warrants trade on the NYSE under the ticker symbols "HLLY" and "HLLY WT," respectively.
Shares of Holley Inc. (NYSE: HLLY) declined from $8.06 per share on August 11, 2023, to as low as $5.40 per share on September 06, 2023.
Those who purchased shares of Holley Inc. (NYSE: HLLY) have certain options and should contact the Shareholders Foundation.
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About The Shareholders Foundation
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.