Press release
Investigation announced for Investors in NASDAQ: FUV shares over possible Violations of Securities Laws by Arcimoto, Inc
An investigation for investors in Arcimoto, Inc. (NASDAQ: FUV) shares over potential securities laws violations by Arcimoto, Inc.
Investors who purchased shares of Arcimoto, Inc. (NASDAQ: FUV), 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 possible claims on behalf of purchasers of the securities of Arcimoto, Inc. (NASDAQ: FUV) concerning whether a series of statements by Arcimoto, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Arcimoto, Inc. designs, develops, manufactures, and sells three-wheeled electric vehicles.
Arcimoto, Inc. reported that its annual Total Revenue rose from $0.98 million in 2019 to $2.17 million in 2020, and that its Net Loss rose from $15.34 million in 2019 to $18.12 million in 2020.
On March 23, 2021, Bonitas Research published a short-seller report on Arcimoto, Inc.. In the report, Bonitas alleges that Arcimoto, Inc. fabricated pre-orders to generate fake demand, only delivered on 19 of the 422 alleged pre-orders since 2018, sold a 13 of the 19 pre-orders to an undisclosed related party, and failed to notify customers that Arcimoto filed a total production recall notice with the United States Government’s federal agency, the National Highway Traffic Safety Administration.
Shares of Arcimoto, Inc. (NASDAQ: FUV) declined to as low as $12.40 per share on April 7, 2021.
Those who purchased shares of Arcimoto, Inc. (NASDAQ: FUV) have certain options and should contact the Shareholders Foundation.
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 lawsuits, 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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Investigation announced for Long-Term Investors in Arcimoto, Inc. (NASDAQ: FUV)
Certain directors of Arcimoto, Inc are under investigation concerning potential breaches of fiduciary duties.
Investors who are current long term investors in Arcimoto, Inc. (NASDAQ: FUV) shares, 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 for current long term investors in NASDAQ: FUV stocks follows a lawsuit filed against Arcimoto, Inc. over alleged securities laws violations.…
Dealine on June 18, 2021 coming up in Lawsuit for Investors in Arcimoto, Inc. (N …
A deadline is coming up on June 18, 2021 in the lawsuit filed for certain investors of Arcimoto, Inc. (NASDAQ: FUV) over alleged securities laws violations by Arcimoto, Inc.
Investors who purchased shares of Arcimoto, Inc. (NASDAQ: FUV) have certain options and there are strict and short deadlines running. Deadline: June 18, 2021. NASDAQ: FUV stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
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