NEW YORK, June 8, 2022 /PRNewswire/ — Gross Law Firm Issues the Following Notice to Shareholders of Stronghold Digital Mining, Inc.
Shareholders who have purchased shares of SDIG during the stated class period are encouraged to contact the company regarding the possible appointment of a lead plaintiff. Appointment as lead plaintiff is not required to participate in any recovery.
CONTACT US HERE:
COURSE PERIOD: This lawsuit is on behalf of persons and entities that have purchased or otherwise acquired Class A common stock of Stronghold pursuant to the registration statement and prospectus issued in connection with the company. October 2021 initial public offering.
ALLEGATIONS: The Complaint alleges that during the Class Period, Defendants made materially false and/or misleading statements and/or failed to disclose that: (1) contracted suppliers, including MinerVa Semiconductor Corp., were reasonably likely to miss the quantities and delivery times expected; (2) due to the high demand and pre-sold supply of mining equipment in the industry, Stronghold would have difficulty obtaining miners outside of confirmed purchase orders; (3) as a result of the foregoing, there was a significant risk that Stronghold would not be able to expand its mining capacity as planned; (4) as a result, Stronghold would likely suffer significant losses; and (5) as a result of the foregoing, defendants’ positive statements regarding the Company’s business, operations and prospects were materially misleading and/or lacked reasonable basis.
DEADLINE: June 13, 2022 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/stronghold-digital-mining-inc-loss-submission-form/?id=28161&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you have registered as a shareholder who has purchased shares of SDIG during the period stated above, you will be enrolled in portfolio tracking software to provide you with status updates throughout the cycle life of the business. The deadline to apply to be a principal applicant is June 13, 2022. There is no cost or obligation for you to participate in this deal.
WHY BRUT CABINET D’AVOCATS? Gross Law Firm is a nationally recognized law firm, and our mission is to protect the rights of all investors who have suffered as a result of deception, fraud, and illegal business practices. Gross Law Firm is committed to ensuring that businesses adhere to responsible business practices and engage in good corporate citizenship. The Company seeks redress on behalf of investors who have suffered losses when false and/or misleading statements or omission of material information by a company has caused artificial inflation of the company’s stock. Lawyer advertisement. Prior results do not guarantee similar results.
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SOURCE The Raw Law Firm