Investigation announced for Investors in shares of Toast, Inc. (NYSE: TOST) over possible Wrongdoing announced

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

Investors who purchased shares of Toast, Inc. (NYSE: TOST) 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 Toast, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

Boston, MA based Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland.

Toast, Inc. sold 25 million shares at $40.00 per share in its initial public offering ("IPO") in September 2021.

On February 15, 2022, Toast, Inc. announced its fourth quarter and full year 2021 financial results. Toast, Inc. (NYSE: TOST) reported that its annual Total Revenue rose from $823.13 million in 2020 to $1.7 billion in 2021, and that its Net Loss increased from $248.2 million in 2020 to $487 million in 2021.

Shares of Toast, Inc. (NYSE: TOST) declined to as low as $11.91 per share on May 12, 2022.

On February 16, 2023, Toast, Inc. announced its fourth quarter and full year 2022 financial results. Toast, Inc. (NYSE: TOST) reported that its annual Total Revenue rose from $1.7 billion in 2021 to over $2.73 billion in 2022, and that its Net Loss decreased from $487 million in 2021 to $275 million in 2022.

Then, on July 19, 2023, Toast, Inc. announced the removal of a $0.99 order processing fee from the Company's new version of its digital ordering suite. The processing fee, announced in June 2023, had prompted widespread complaints from restaurant operators.

Shares of Toast, Inc. (NYSE: TOST) declined from $27.00 per share on July 18, 2023 to $20.05 per share on August 04, 2023.

Those who purchased shares of Toast, Inc. (NYSE: TOST) 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.