An investigation for investors in Ispire Technology Inc. (NASDAQ: ISPR) shares over potential securities laws violations by Ispire Technology Inc. was announced.
San Diego, CA -- (SBWIRE) -- 01/24/2024 -- Ispire Technology Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Ispire Technology Inc. (NASDAQ: ISPR), 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 whether a series of statements by Ispire Technology Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Los Angeles, CA based Ispire Technology Inc. researches, develops, designs, commercializes, sales, markets, and distributes e-cigarettes and cannabis vaping products worldwide. On November 30, 2023, J Capital Research ("JCR") published a report on Ispire Technology Inc. entitled "Insider Enrichment Scheme Where ~30% of Revenue May Be Fabricated". The report alleged, among other things, that Ispire "appears to line its chairman's pockets by overpaying the Shenzhen factory he owns"; that "[o]riginal Chinese documents suggest . . . that a big chunk of supply may be fabricated"; and that "[o]ver 30% of sales are made by an undisclosed related-party - and we think a lot of those sales could be fake."
Those who purchased shares of Ispire Technology Inc. (NASDAQ: ISPR) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
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, Inc.
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.