A lawsuit was filed on behalf of investors in TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) shares over alleged securities laws violations.

San Diego, CA -- (SBWire) -- 08/09/2023 --An investor, who purchased shares of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG), filed a lawsuit over alleged violations of Federal Securities Laws by TriplePoint Venture Growth BDC Corp. in connection with certain allegedly false and misleading statements.

Investors who purchased shares of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) have certain options and for certain investors are short and strict deadlines running. Deadline: August 15, 2023. NYSE: TPVG investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Menlo Park, CA based TriplePoint Venture Growth BDC Corp. is a business development company specializing investments in venture capital-backed companies at the growth stage investments. On May 2, 2023, the Bear Cave released a report highlighting issues at TriplePoint Venture Growth BDC Corp. alleging that "TriplePoint is encumbered by high fees, weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups," and states that "the Bear Cave believes TriplePoint's equity may be severely impaired, if it has any value at all."

Shares of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) declined to $9.41 per share on May 5, 2023.

The plaintiff claims that between March 4, 2020 and May 1, 2023, the defendants made false and/or misleading statements and/or failed to disclose that TriplePoint had overstated the strength of its various portfolio companies and loan book, as well as the viability of its overall investment strategy, that the foregoing, once revealed, was likely to have a material negative impact on the Company's financial position and/or prospects, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) 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.