1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Alfi, Inc.
  6. News
  7. Summary
    ALF   US00161P1093

ALFI, INC.

(ALF)
  Report
Delayed Nasdaq  -  05/19 01:47:52 pm EDT
1.180 USD   -3.28%
05/16ALFI, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q/A)
AQ
05/16ALFI, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (form 10-K)
AQ
05/16ALFI, INC. Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q)
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

SHAREHOLDER ALERT: Robbins LLP Reminds Investors of Class Action Against Alfi, Inc. (ALF, ALFIW)

12/21/2021 | 06:31am EDT

Shareholder rights law firm Robbins LLP reminds investors that a class action was filed on behalf of all persons and entities that purchased Alfi, Inc. (NASDAQ: ALF, ALFIW) common stock or warrants pursuant to the Company's May 4, 2021 initial public offering ("IPO") or securities between May 4, 2021 and November 15, 2021. The complaint alleges violations of the Securities Act of 1933 and Securities Exchange Act of 1934. Alfi provides interactive artificial intelligence and machine learning software solutions.

If you suffered a loss due to Alfi, Inc.'s misconduct, click here.

Alfi, Inc. (ALF, ALFIW) Failed to Disclose Deficient Disclosure Controls and Internal Control over Financial Reporting

According to the complaint, Alfi began trading publicly on May 4, 2021. However, the documents filed in support of the IPO (the "Offering Documents") were negligently prepared. Specifically, the Offering Documents failed to disclose that Alfi maintained deficient disclosure controls and procedures and internal control over financial reporting. As a result, the Company and its employees could and did engage in corporate transactions and other matters without sufficient and appropriate consultation with or approval by the Company’s Board of Directors. This increased the risk of internal and regulatory investigations into the Company and its employees.

On October 28, 2021, Alfi disclosed that the Board had placed the Company's Chief Executive Officer, Chief Technology Officer and Chief Financial Officer "on paid administrative leave and authorized an independent internal investigation regarding certain corporate transactions and other matters," and had subsequently terminated its Chief Technology Officer. Then, on November 1, 2021, Alfi disclosed its Chair of the Audit Committee had resigned from the Board and that its internal investigation resulted from "the Company's purchase of a condominium for a purchase price of approximately $1.1 million" and "the Company's commitment to sponsor a sports tournament in the amount of $640,000," both of which "were undertaken by the Company's management without sufficient and appropriate consultation with or approval by the Board."

On November 15, 2021, Alfi disclosed it "received a letter from the staff of the [SEC] indicating that the Company, its affiliates and agents may possess documents and data relevant to an ongoing investigation being conducted by the staff of the SEC." Further, the Company should preserve documents that "relate or refer to the condominium or the sports tournament sponsorship identified in the Company's Current Report on Form 8-K filed on November 1, 2021, or financial reporting and disclosure controls, policies or procedures."

Finally, on November 16, 2021, Alfi filed a notice of its inability to timely file its quarterly report on Form 10-Q with the SEC for the quarter ended September 30, 2021. The stock now trades under $3.

If you purchased shares of Alfi, Inc. (ALF, ALFIW) stock or warrants pursuant to the Company's IPO or securities between May 4, 2021 and November 15, 2021, you have until January 31, 2022, to ask the court to appoint you lead plaintiff for the class.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas
(800) 350-6003
adumas@robbinsllp.com
Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Alfi, Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.


© Business Wire 2021
All news about ALFI, INC.
05/16ALFI, INC. Management's Discussion and Analysis of Financial Condition and Results of ..
AQ
05/16ALFI, INC. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF ..
AQ
05/16ALFI, INC. Management's Discussion and Analysis of Financial Condition and Results of ..
AQ
05/16Alfi, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021
CI
05/03Amazon's jump into DOOH will propel technology adoption
AQ
04/18ALFI : CREDIT AND SECURITY AGREEMENT - Form 8-K
PU
04/18ALFI, INC. : Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob..
AQ
04/18Alfi, Inc. Enters Credit and Security Agreement with Lee Aerospace, Inc
CI
04/15Why it's wise for Amazon to jump into DOOH
AQ
04/12Alfi, Inc. announced that it expects to receive $2.5 million in funding
CI
More news
Financials (USD)
Sales 2020 - - -
Net income 2020 -3,56 M - -
Net Debt 2020 5,55 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 19,7 M 19,7 M -
EV / Sales 2019
EV / Sales 2020 -
Nbr of Employees 21
Free-Float 50,7%
Chart ALFI, INC.
Duration : Period :
Alfi, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ALFI, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Mean consensus -
Number of Analysts 0
Last Close Price 1,22
Average target price
Spread / Average Target -
Managers and Directors
Peter Anthony Bordes Chief Executive Officer & Director
Louis A. Almerini Chief Financial Officer
Jim Lee Chairman
David M. Gardner Chief Technology Officer
Luis Bocaletti Engineering Director
Sector and Competitors
1st jan.Capi. (M$)
ALFI, INC.-46.96%20
ACCENTURE PLC-33.87%173 653
TATA CONSULTANCY SERVICES LTD.-7.75%162 358
INTERNATIONAL BUSINESS MACHINES CORPORATION-0.54%119 571
AUTOMATIC DATA PROCESSING, INC.-12.82%87 100
INFOSYS LIMITED-20.05%81 430