Press release
Investigation announced for Investors in shares of Longeveron Inc. (NASDAQ: LGVN)

An investigation for investors in Longeveron Inc. (NASDAQ: LGVN) shares over potential securities laws violations by Longeveron.
Investors who purchased shares of Longeveron Inc. (NASDAQ: LGVN), 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 Longeveron Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Miami, FL based Longeveron Inc., a clinical stage biotechnology company, engages in developing cellular therapies for aging-related and life-threatening conditions. On or around February 11, 2021, Longeveron Inc. (NASDAQ: LGVN) conducted its initial public offering ("IPO"), issuing 2.66 million shares of common stock priced at $10.00 per share.
Then, on August 13, 2021, Longeveron Inc. (NASDAQ: LGVN) issued a press release providing a corporate update and reporting its financial results for the second quarter of 2021. Among other items, Longeveron disclosed data from the Company's Phase 2b U.S. Aging Frailty trial of its Lomecel-B product, advising investors that the drug had "not achiev[ed] . . . statistical significance for the pairwise comparison to placebo" with respect to key study endpoints.
Shares of Longeveron Inc. (NASDAQ: LGVN) declined from $8.40 per share on July 2, 2021, to as low as $3.38 per share on August 17, 2021.
Those who purchased shares of Longeveron Inc. (NASDAQ: LGVN) 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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