Press release
Investigation announced for Investors in shares of Aterian, Inc. (NASDAQ: MWK)
An investigation for investors in Aterian, Inc. (NASDAQ: MWK) shares over potential securities laws violations by Aterian, Inc.
Investors who purchased shares of Aterian, Inc. (NASDAQ: MWK), 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 Aterian, Inc. (NASDAQ: MWK) concerning whether a series of statements by Aterian, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Aterian, Inc. reported that its annual Total Revenue rose from $114.45 million in 2019 to $185.7 million in 2020, and that its Net Loss increased from $58.78 million in 2019 to $63.12 million in 2020.
On May 4, 2021, Culper Research published a report titled "Aterian (ATER): Bought from Felons & Fraudsters, Sold to You," alleging that Aterian has "ties to convicted criminals" and is "promoting what we believe is an overhyped ‘AI’ narrative and a string of garbage acquisitions to mask the failure of its already ill-conceived core business." Culper also alleges that "[o]ver 25% of Aterian shares now belong to two felons and two alleged scam artists, all of whom will be free to dump their stock by August."
Aterian, Inc. (NASDAQ: MWK) declined from $25.70 per share on April 26, 2021, to as low as $14.27 per share on May 6, 2021.
Those who purchased shares of Aterian, Inc. (NASDAQ: MWK) 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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