San Diego, CA -- (SBWire) -- 03/28/2022 --An investigation was announced over potential securities laws violations by PAE Incorporated f.k.a.Gores Holdings III, Inc. in connection with certain financial statements.
Investors who purchased shares of PAE Incorporated f.k.a. Gores Holdings III, Inc. (NASDAQ: PAE, formerly NASDAQ CM: GRSH, GRSHU, and GRSHW), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of PAE Incorporated f.k.a.Gores Holdings III, Inc. (NASDAQ: PAE, formerly NASDAQ CM: GRSH, GRSHU, and GRSHW) concerning whether a series of statements by PAE Incorporated f.k.a. Gores Holdings III, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Falls Church, VA based PAE Incorporated provides operational solutions and outsourced services for the United States government, other allied governments, international organizations, and companies. The company operates through two segments, Global Mission Services and National Security Solutions.
On November 1, 2019, Platinum Equity portfolio company PAE, announced it has entered into an agreement and plan of merger with Gores Holdings III, Inc. (NASDAQ CM: GRSH, GRSHU, and GRSHW).
On February 10, 2020, Gores Holdings III, Inc. (Nasdaq CM: GRSH, GRSHU, and GRSHW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, announced that it completed the acquisition of Platinum Equity portfolio company PAE.
In connection with the transaction, Gores Holdings III has been renamed PAE Incorporated and its common stock and warrants now trade on Nasdaq under the symbols "PAE" and "PAEWW", respectively.
Those who purchased shares of PAE Incorporated (NASDAQ: PAE) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
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.
NASDAQ:PAE Shareholder Notice: Investigation over Possible Securities Laws Violations by PAE Incorporated
An investigation for investors in PAE Incorporated f.k.a. Gores Holdings III, Inc. (NASDAQ:PAE, formerly NASDAQ CM:GRSH, GRSHU, and GRSHW) shares over potential securities laws violations by PAE Incorporated .k.a.Gores Holdings III, Inc. was announced.