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Investigation announced for Investors in AppHarvest, Inc. (NASDAQ: APPH) over potential Wrongdoing

09-19-2021 12:36 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of investors in AppHarvest, Inc. (NASDAQ: APPH) shares over potential wrongdoing at AppHarvest, Inc.

An investigation on behalf of investors in AppHarvest, Inc. (NASDAQ: APPH) shares over potential wrongdoing at AppHarvest, Inc.

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at AppHarvest, Inc.

Investors who purchased shares of AppHarvest, Inc. (NASDAQ: APPH) 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 concerns whether certain AppHarvest, directors breached their fiduciary duties and caused damage to the company and its shareholders.
Morehead, KY based AppHarvest, Inc., a development stage company, builds and operates high-tech greenhouses to grow fruits and vegetables in the United States.

In February 2021, AppHarvest, Inc. completed its SPAC merger to go public at valuation over $1 billion. AppHarvest, Inc. raised about $475 million as a result of the merger.

On August 11, 2021, AppHarvest, Inc. (NASDAQ: APPH) announced financial results for the second quarter ended June 30, 2021. Net loss was $32 million. The Company also lowered its full-year 2021 net sales outlook to the range of $7 million to $9 million from a prior range of $20 million to $25 million.

Shares of AppHarvest, Inc. (NASDAQ: APPH) declined from $39.50 per share on February 10, 2021, to $6.71 per share on August 17, 2021.

Those who purchased shares of AppHarvest, Inc. (NASDAQ: APPH) 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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