An investigation on behalf of investors in Marqeta, Inc. (NASDAQ:MQ) shares over potential wrongdoing at Marqeta, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/05/2022 -- Certain directors of Marqeta, Inc. are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Marqeta, Inc. (NASDAQ: MQ) 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 Marqeta, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Oakland, CA based Marqeta, Inc. operates a cloud-based open application programming interface platform that delivers card issuing and transaction processing services to developers, technical product managers, and visionary entrepreneurs.
In June 2021, Marqeta, Inc conducted its initial public offering ("IPO"), and the company sold 45 million shares for $27 per share.
Marqeta, Inc. reported that its annual Total Revenue rose from $290.29 million in 2020 to $517.17 million in 2021, and that its Net Loss increased from $47.69 million in 2020 to $163.92 million in 2021.
On August 11, 2022, Marqeta, Inc announced that their Chief Executive, Jason Gardner, will be stepping down. In addition to the CEO change, Marqeta said Chief Operating Officer Vidya Peters is leaving.
Shares of Marqeta, Inc. (NASDAQ: MQ) declined to as low as $7.72 per share on August 17, 2022.
Those who purchased shares of Marqeta, Inc. (NASDAQ: MQ) 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.