An investigation for investors in Olaplex Holdings, Inc. (NASDAQ:OLPX) shares over potential securities laws violations by Olaplex Holdings, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 11/04/2022 -- Olaplex Holdings, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of Olaplex Holdings, Inc. (NASDAQ: OLPX), 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 Olaplex Holdings, Inc. (NASDAQ: OLPX) concerning whether a series of statements by Olaplex Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Santa Barbara, CA based Olaplex Holdings, Inc. manufactures and sells hair care products. Olaplex Holdings, Inc. reported that its annual Total Revenue rose from $282.25 million in 2020 to $598.36 million in 2021, and that its Net Income rose from $39.27 million in 2020 to $220.78 million in 2021.
In September 2021, Olaplex Holdings, Inc. conducted its initial public offering ("IPO"), and the company sold 73.7 million shares priced at $21.00 per share. S
On October 18, 2022, the company lowered its fiscal 2022 guidance.
Shares of Olaplex Holdings, Inc. (NASDAQ: OLPX) declined to as low as $3.80 per share on October 24, 2022.
Those who purchased shares of Olaplex Holdings, Inc. (NASDAQ: OLPX) 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.