An investigation on behalf of investors in Score Media and Gaming Inc. (NASDAQ:SCR) shares over potential wrongdoing at Score Media and Gaming Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/17/2021 -- An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Score Media and Gaming Inc.
Investors who purchased shares of Score Media and Gaming Inc. (NASDAQ: SCR) 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 Score Media and Gaming directors breached their fiduciary duties and caused damage to the company and its shareholders.
Canada based Score Media and Gaming Inc. operates as a sports media company in North America. On or about February 2021, Score Media and Gaming Inc. sold about 6 million shares of stock in its initial public stock offering (the "IPO") at $27 a share, raising nearly $162 million in new capital.
On July 13, 2021, Score Media and Gaming Inc. reported its financial results for the third fiscal quarter of 2021. Score Media reported GAAP loss per share of $0.78, missing consensus estimates by $0.48, and an EBITDA loss of $21.1 million, compared to an $8.7 million loss for the same period in the prior year.
Shares of Score Media and Gaming Inc. (NASDAQ: SCR) declined on July 19, 2021 to $13.74 per share.
Those who purchased shares of Score Media and Gaming Inc. (NASDAQ: SCR) have certain options and should contact the Shareholders Foundation.
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