An investigation on behalf of investors in Holley Inc. (NYSE:HLLY) shares over potential wrongdoing at Holley Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/29/2023 -- Certain director of Holley Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Holley Inc. (NYSE: HLLY) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Holley Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
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 $4.80 per share on September 28, 2023.
Those who purchased shares of Holley Inc. (NYSE: HLLY) have certain options and should contact the Shareholders Foundation.
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