An investigation on behalf of investors in Holley Inc. (NYSE:HLLY) shares over potential wrongdoing at Holley Inc. was announced.

San Diego, CA -- (SBWire) -- 09/29/2023 --Certain director of Holley Inc. are under investigation over potential breaches of fiduciary duties.

Investors who purchased shares of Holley Inc. (NYSE: HLLY) 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 Holley Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Bowling Green, KY based Holley Inc. f/k/a Empower Ltd. designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China.

On July 16, 2021, Empower Ltd., previously operating as a SPAC, completed a business combination with Holley Intermediate Holdings, Inc. The combined company became Holley and its common stock and warrants trade on the NYSE under the ticker symbols "HLLY" and "HLLY WT," respectively.

Shares of Holley Inc. (NYSE: HLLY) declined from $8.06 per share on August 11, 2023, to as low as $4.80 per share on September 28, 2023.

Those who purchased shares of Holley Inc. (NYSE: HLLY) 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.