An investigation on behalf of investors in Toast, Inc. (NYSE:TOST) shares over potential wrongdoing at Toast, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 05/01/2023 -- Certain directors of Toast, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Toast, Inc. (NYSE: TOST) 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 concerns whether certain Toast, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Boston, MA based Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland.
Toast, Inc. sold 25 million shares at $40.00 per share in its initial public offering ("IPO") in September 2021.
On February 15, 2022, Toast, Inc. announced its fourth quarter and full year 2021 financial results. Toast, Inc. (NYSE: TOST) reported that its annual Total Revenue rose from $823.13 million in 2020 to $1.7 billion in 2021, and that its Net Loss increased from $248.2 million in 2020 to $487 million in 2021.
Shares of Toast, Inc. (NYSE: TOST) declined to as low as $11.91 per share on May 12, 2022.
On February 16, 2023, Toast, Inc. announced its fourth quarter and full year 2022 financial results. Toast, Inc. (NYSE: TOST) reported that its annual Total Revenue rose from $1.7 billion in 2021 to over $2.73 billion in 2022, and that its Net Loss decreased from $487 million in 2021 to $275 million in 2022.
Shares of Toast, Inc. (NYSE: TOST) closed on April 18, 2023, at $18.20 per share.
Those who purchased shares of Toast, Inc. (NYSE: TOST) have certain options and should contact the Shareholders Foundation.
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