Investigation announced for Investors in Alfi, Inc. (NASDAQ: ALF) shares over possible Violations of Securities Laws

An investigation concerning possible violations of securities laws by Alfi, Inc. in connection with certain financial statements.

Investors who purchased shares of Alfi, Inc. (NASDAQ: ALF), 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 Alfi, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Miami, FL based Alfi, Inc. provides interactive intelligent artificial intelligence and machine learning software solutions.

On October 22, 2021, in an SEC filing, Alfi, Inc. disclosed that “The Board of Directors (the “Board”) of Alfi, Inc. (the “Company”) placed each of Paul Pereira, the Company’s President and Chief Executive Officer, Dennis McIntosh, the Company’s Chief Financial Officer and Treasurer, and Charles Pereira, the Company’s Chief Technology Officer, on paid administrative leave and authorized an independent internal investigation regarding certain corporate transactions and other matters.”

Shares of Alfi, Inc. (NASDAQ: ALF) declined from $8.70 per share in late September 2021, to as low as $4.19 per share on October 29, 2021.

Those who purchased shares of Alfi, Inc. (NASDAQ: ALF) 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.

This release was published on openPR.