Investigation announced for Investors who lost money with shares of Twist Bioscience Corporation (NASDAQ: TWST)
An investigation for investors in Twist Bioscience Corporation (NASDAQ: TWST) shares over potential securities laws violations.
Investors who purchased shares of Twist Bioscience Corporation (NASDAQ: TWST), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Twist Bioscience Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
San Francisco, CA based Twist Bioscience Corporation, a synthetic biology company, manufactures and sells synthetic DNA-based products. Twist Bioscience Corporation (NASDAQ: TWST) reported that its Total Revenue rose from $132.33 million for the 12 months period that ended on September 30, 2021, to $203.56 million for the 12 months period that ended on September 30, 2022, and that its Net Loss over those respective time periods increased from $152.09 million to $217.86 million.
On November 15, 2022, Scorpion Capital published a research report, alleging that the Company is a "cash-burning inferno" and that it is "operating a ponzi-like scheme that will end in bankruptcy."
Shares of Twist Bioscience Corporation (NASDAQ: TWST) declined from $40.50 per share on November 11, 2022, to as low as $23.90 per share on November 17, 2022
Those who purchased shares of Twist Bioscience Corporation (NASDAQ: TWST) have certain options and should contact the Shareholders Foundation.
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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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