An investigation for investors in The Honest Company, Inc. (NASDAQ:HNST) shares over potential securities laws violations by The Honest Company, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/23/2021 -- The Honest Company, Inc is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of The Honest Company, Inc. (NASDAQ: HNST), 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 The Honest Company, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Los Angeles, CA based The Honest Company, Inc. manufactures and sells baby, personal, and beauty care products.
On or about May 5, 2021, The Honest Company, Inc. sold about 25.8 million shares of stock in its initial public stock offering (the "IPO") at $16 a share, raising nearly $413 million in new capital.
On Wednesday, August 13, 2021, The Honest Company, Inc. released its second quarter ended June 30, 2021, financial results. The Company posted a net loss of $20.2 million, or 17 cents a share, for the quarter, after a loss of $375,000, or 1 cent a share, in the year-earlier period.
Shares of The Honest Company, Inc. (NASDAQ: HNST) declined to as low as $9.05 per share on August 18, 2021.
Those who purchased shares of The Honest Company, Inc. (NASDAQ: HNST) have certain options and should contact the Shareholders Foundation.
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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.