ALFI ALERT: Bragar Eagel & Squire, PC Reminds Investors That Class Action Has … | Your money



NEW YORK, Dec. 24, 2021 (GLOBE NEWSWIRE) – Bragar Eagel & Squire, PC, a nationally recognized law firm, reminds investors that a class action lawsuit has been filed against Alfi, Inc. (“Alfi Or the “Company”) (NASDAQ: ALF) in the United States District Court for the Southern District of Florida on behalf of all persons and entities who have purchased or otherwise acquired securities of Alfi between the 4 May 2021 and November 15, 2021, both dates inclusive (the “Recourse Period”). Investors have until January 31, 2022 to ask the court to be named lead plaintiffs in the lawsuit.

Click here to join the action.

On October 28, 2021, Alfi disclosed in a document filed with the United States Securities and Exchange Commission that “[o]n October 22, 2021, the board of directors (the “Board”) of Alfi, Inc. (the “Company”) appointed Paul Pereira, President and Chief Executive Officer of the Company, Dennis McIntosh, Chief Financial Officer of the company and treasurer, and Charles Pereira, the company’s chief technology officer, on paid administrative leave and authorized an independent internal investigation into certain company transactions and other matters. At this news, Alfi’s share price fell sharply during intraday trading on October 29, 2021.

Finally, on November 16, 2021, Alfi filed a notice indicating its inability to timely file its Quarterly Report on Form 10-Q with the SEC for the quarter ended September 30, 2021 (the “3Q21 10-Q”). This dossier cited, among other things, “recent changes in [CEO] and [CFO] and the chairmanship of the audit committee ”of the board, as well as the need for“ a new independent registered public accounting firm ”, as reasons for the inability of the company to file in a timely manner on 3Q21 10- Q.

As a result of these disclosures, the Company’s share price fell $ 0.24 per share, or 5.21%, to close at $ 4.37 per share on November 16, 2021.

If you have bought or acquired Alfi shares and suffered a loss, are a long-time shareholder, have information, want to know more about these claims, or have questions about this announcement or your rights or interests in these questions, please contact Brandon Walker or Alexandra Raymond by email at [email protected], by phone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation for you.

About Bragar Eagel & Squire, PC:

Bragar Eagel & Squire, PC is a nationally recognized law firm with offices in New York City, California and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivatives and other complex litigation in state and federal courts across the country. For more information about the company, please visit www.bespc.com. Lawyer advertising. Past results do not guarantee similar results.

Contact details:

Bragar Eagel & Squire, PC Brandon Walker, Esq. Alexandra B. Raymond, Esq. (212) 355-4648 [email protected]

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