San Diego, CA -- (SBWIRE) -- 12/07/2022 -- An investigation was announced for investors of Twist Bioscience Corporation (NASDAQ: TWST) shares over potential securities laws violations by Twist Bioscience Corporation.

Investors who purchased shares of Twist Bioscience Corporation (NASDAQ: TWST), 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 certain statements by Twist Bioscience Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Francisco, CA based Twist Bioscience Corporation, a synthetic biology company, manufactures and sells synthetic DNA-based products. Twist Bioscience Corporation (NASDAQ: TWST) reported that its Total Revenue rose from $132.33 million for the 12 months period that ended on September 30, 2021, to $203.56 million for the 12 months period that ended on September 30, 2022, and that its Net Loss over those respective time periods increased from $152.09 million to $217.86 million.

On November 15, 2022, Scorpion Capital published a research report, alleging that the Company is a "cash-burning inferno" and that it is "operating a ponzi-like scheme that will end in bankruptcy."

Shares of Twist Bioscience Corporation (NASDAQ: TWST) declined from $40.50 per share on November 11, 2022, to as low as $23.90 per share on November 17, 2022

Those who purchased shares of Twist Bioscience Corporation (NASDAQ: TWST) 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
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.