An investigation for investors in Absci Corporation (NASDAQ:ABSI) shares over potential securities laws violations by Absci Corporation was announced.
San Diego, CA -- (SBWIRE) -- 09/20/2021 -- Absci Corporation are under investigation concerning potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Absci Corporation (NASDAQ: ABSI), 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 focuses on whether a series of statements by Absci Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Vancouver, WA based Absci Corporation, an AI-powered synthetic biology company, offers biologic drug candidates and production cell lines using integrated drug creation platform for partners in the United States. On or around July 22, 2021, Absci Corporation (NASDAQ: ABSI) conducted its initial public offering ("IPO"), offering 12.5 million shares of common stock priced at $16.00 per share.
Then, on September 7, 2021, Absci Corporation (NASDAQ: ABSI) reported its financial and operating results for the second quarter of 2021. Among other items, Absci Corporation (NASDAQ: ABSI) reported earnings per share and revenue that both fell significantly short of consensus estimates.
Shares of Absci Corporation (NASDAQ: ABSI) declined to as low as $13.68 per share on September 9, 2021.
Those who purchased shares of Absci Corporation (NASDAQ: ABSI) have certain options and should contact the Shareholders Foundation.
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