Investigation announced for Investors in shares of Inspirato Incorporated (NASDAQ: ISPO)

An investigation on behalf of investors of Inspirato Incorporated (NASDAQ: ISPO) shares over potential securities laws violations by Inspirato Incorporated and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Inspirato Incorporated (NASDAQ: ISPO), 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 possible claims on behalf of purchasers of the securities of Inspirato Incorporated (NASDAQ: ISPO) concerning whether a series of statements by Inspirato Incorporated regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Denver, CO based Inspirato Incorporated operates as a subscription-based luxury travel company. Inspirato Incorporated reported that its annual Total Revenue rose from $165.59 million in 2020 to $234.74 million in 2021, and that its Net Net Loss increased from $0.54 million in 2020 to $22.21 million in 2021.

On November 14, 2022, before trading hours, Inspirato Incorporated announced in a filing with the U.S. Securities and Exchange Commission ("SEC") that "[o]n November 8, 2022, the Audit Committee (the 'Audit Committee') of the Board of Directors of Inspirato Incorporated (the 'Company') concluded, after discussion with the Company's management, that the Company's unaudited condensed consolidated financial statements as of and for the quarterly periods ended March 31, 2022 and June 30, 2022 (collectively, the 'Non-Reliance Periods') included in the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the 'SEC') for the Non-Reliance Periods, should no longer be relied upon."

Shares of Inspirato Incorporated (NASDAQ: ISPO) declined from $3.09 per share on September 12, 2022, to as low as $1.59 per share on December 12, 2022.

Those who purchased shares of Inspirato Incorporated (NASDAQ: ISPO) 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.