Press release
Investigation announced for Investors in shares of Super Group (SGHC) Limited (NYSE: SGHC) over possible Violations of Securities Laws
An investigation for investors in Super Group (SGHC) Limited (NYSE: SGHC) shares over potential securities laws violations.
Investors who purchased shares of Super Group (SGHC) Limited (NYSE: SGHC), 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 Super Group (SGHC) Limited regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Guernsey based Super Group (SGHC) Limited operates as an online sports betting and gaming operator.
Super Group (SGHC) Limited reported that its annual Total Revenueincreased from $908.01 million in 2020 to over $1.32 billion in 2021, and that its Net Income increased from $149.21 million in 2020 to $235.87 million in 2021.
On May 25, 2022, Super Group (SGHC) Limited withdrew its fiscal 2022 guidance, which it had provided the prior month, stating that "[g]iven the volatility we've seen and known uncertainties, we're working on a reforecast for 2022 and should be able to provide an update about our expectations when we release second quarter results in August."
Shares of Super Group (SGHC) Limited (NYSE: SGHC) declined from $11.09 per share on April 13, 2022, to as low as $3.90 per share on June 30, 2022.
Those who purchased shares of Super Group (SGHC) Limited (NYSE: SGHC) have certain options and should contact the Shareholders Foundation.
Contact:
Christopher Clausen
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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