Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Alerts Katapult Holdings (KPLT/FSRV) Investors to Securities Class Action, Encourages Investors with Losses to Contact Firm's Attorneys Now

09/18/2021 | 10:46am EDT

SAN FRANCISCO, Sept. 18, 2021 (GLOBE NEWSWIRE) -- Hagens Berman urges Katapult Holdings, Inc. (NASDAQ: KPLT) investors and FinServe Acquisition Corp. (NASDAQ: FSRV) investors with significant losses to submit your losses now.

Class Period: Dec. 18, 2020 – Aug. 10, 2021
Lead Plaintiff Deadline: Oct. 26, 2021
Visit: www.hbsslaw.com/investor-fraud/KPLT
Contact An Attorney Now: KPLT@hbsslaw.com
844-916-0895

Katapult Holdings, Inc. (KPLT/FSRV) Securities Fraud Class Action:

The complaint alleges that leading up to and after Katapult’s SPAC merger with FinServe, Defendants misrepresented and concealed that (1) Katapult was experiencing declining e-commerce retail sales and consumer spending, and (2) despite Defendants’ assertions that the Company was a clear and compelling value proposition to both consumers and merchants Katapult lacked visibility into consumers’ buying behavior.

The truth emerged on Aug. 10, 2021, just two months after Katapult closed the merger and gave its 2021 financial guidance. That day, Katapult reported disappointing Q2 2021 financial results, reporting gross originations of only $64.4 million, down 17% year-over-year, as well as adjusted EBITA of $3.9 million, down 64.8% year-over-year. In addition, the Company withdrew its 2021 guidance entirely, blaming the dismal outlook on changes in both e-commerce retail sales outlook, uncertainty assessing consumer spending behavior, and COVID-19.

On this news, the Company's share price fell $5.47, or more than 56%, to close at $4.26 per share on August 10, 2021, on unusually heavy trading volume.

“We’re focused on investors’ losses and proving Katapult misrepresented its growth potential before and after the SPAC merger,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in Katapult Holdings or FinServe and have significant losses, or have knowledge that may assist the firm’s investigation, click here to discuss your legal rights with Hagens Berman.

Whistleblowers: Persons with non-public information regarding Katapult Holdings or FinServe should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email KPLT@hbsslaw.com.

About Hagens Berman
Hagens Berman is a national law firm with eight offices in eight cities around the country and over eighty attorneys. The firm represents investors, whistleblowers, workers and consumers in complex litigation.   More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.

Contact:
Reed Kathrein, 844-916-0895


Primary Logo


ę GlobeNewswire 2021
Latest news "Companies"
01:02a(HYRE) DEADLINE : Did You Suffer a Substantial Loss? Contact Johnson Fistel About Leading HyreCar Inc. Class Action Lawsuit
PR
01:01a(SAVA) DEADLINE : Did You Suffer a Substantial Loss? Contact Johnson Fistel About Leading Cassava Class Action Lawsuit
PR
01:01a(LDI) DEADLINE ALERT : Investors Interested in Being a Lead Plaintiff in Securities Fraud Class Action Lawsuit Against loanDepot, Inc. - Contact Johnson Fistel
PR
01:01a(WDH) DEADLINE : Did You Suffer a Substantial Loss? Contact Johnson Fistel About Leading Waterdrop Inc. Class Action Lawsuit
PR
12:36aAward of Petroleum Exploration Rights in Nareli Block
GL
12:12aECLAC Presents the CEPALSTAT Portal's New Interface Linking Regional Statistics and Geospatial Information on Latin America and the Caribbean
PU
12:12aNATIONAL FERTILIZERS : Design supply construction installation commissioning and three years operation maintenance for 10000 kld reverse osmosis plant ro plant with pre-treatment ultra- filtration and reverse osmosis ro units at nfl vijaipur on turnkey basis
PU
10/15SHAREHOLDER ALERT : Kaskela Law LLC Announces Shareholder Class Action Lawsuit Against SelectQuote, Inc. (SLQT) and Encourages Long-Term Stockholders to Contact the Firm
GL
10/15CISCO : See How This Software Dev Team Builds a Great User Experience
PU
10/15NATIONAL FERTILIZERS : Brass and teak wood mementos
PU
Latest news "Companies"