An investigation on behalf of investors in AppHarvest, Inc. (NASDAQ:APPH) shares over potential wrongdoing at AppHarvest, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 09/22/2021 -- Certain directors of AppHarvest, Inc. are under investigation concerning potential breaches of fiduciary duties.
Investors who purchased shares of AppHarvest, Inc. (NASDAQ: APPH) 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 concerns whether certain AppHarvest, directors breached their fiduciary duties and caused damage to the company and its shareholders.
Morehead, KY based AppHarvest, Inc., a development stage company, builds and operates high-tech greenhouses to grow fruits and vegetables in the United States.
In February 2021, AppHarvest, Inc. completed its SPAC merger to go public at valuation over $1 billion. AppHarvest, Inc. raised about $475 million as a result of the merger.
On August 11, 2021, AppHarvest, Inc. (NASDAQ: APPH) announced financial results for the second quarter ended June 30, 2021. Net loss was $32 million. The Company also lowered its full-year 2021 net sales outlook to the range of $7 million to $9 million from a prior range of $20 million to $25 million.
Shares of AppHarvest, Inc. (NASDAQ: APPH) declined from $39.50 per share on February 10, 2021, to $6.71 per share on August 17, 2021.
Those who purchased shares of AppHarvest, Inc. (NASDAQ: APPH) 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 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.