Press release
Investigation for Investors in shares of Progenity, Inc. (NASDAQ: PROG) announced
An investigation for investors in Progenity, Inc. (NASDAQ: PROG) shares over potential securities laws violations by Progenity.
Investors who purchased shares of Progenity, Inc. (NASDAQ: PROG), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Progenity, Inc. (NASDAQ: PROG regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Diego, CA based Progenity, Inc., a biotechnology company, provides complex molecular and specialized testing services to physicians, clinicians, and their patients in the United States. Progenity, Inc. reported that its annual Total Revenue rose from $127.97 million in 2018 to $143.98 million in 2019, and that its Net Loss increased from $129.10 million in 2018 to $148.03 million in 2019.
On or about June 6, 2020, Progenity sold about 6.7 million shares of stock in its initial public stock offering (the "IPO"), at $15.00 a share raising nearly $100.5 million in new capital.
However, since the IPO, Progenity stock declined to as low as $7.71 per share on August 14, 2020.
Those who purchased shares of Progenity, Inc. (NASDAQ: PROG) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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