SAN DIEGO, Dec. 7, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in DMC Global Inc. (NASDAQ: BOOM) shares.
Investors who purchased more than $100,000 in shares of DMC Global Inc. (NASDAQ: BOOM) between May and November 2024 have certain options and there are short and strict deadlines running. Deadline: February 04, 2025.
"On October 21, 2024, DMC Global Inc. disclosed that it was 'revising its guidance' for the quarter ended September 30, 2024," stating that the Company's adjusted EBITDA is now expected to be approximately $5 million, down from prior guidance for $15-18 million...
The Company also revealed that the financial results will include an approximate $142 million non-cash goodwill impairment charge "associated with DMC's December 2021 acquisition of a controlling interest in Arcadia."
On November 4, 2024, DMC Global Inc released its third-quarter financial results for the period ending September 30, 2024. Among other results, the Company reported third quarter sales of $152.4 million...
"Shares of DMC Global Inc. (NASDAQ: BOOM) declined from $15.98 per share on May 3, 2024..."
On December 06, 2024, an investor in NASDAQ: BOOM shares filed a lawsuit against DMC Global Inc.
The plaintiff alleges that between May and November... defendants made materially false and misleading statements...
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This information is provided as a public service and is not intended as legal advice.