Press release
Investigation announced for Investors in NYSE: HLLY shares over possible Wrongdoing at Holley Inc. (NYSE: HLLY)
An investigation on behalf of investors in Holley Inc. (NYSE: HLLY) shares over potential wrongdoing at Holley Inc. was announced.
Investors who purchased shares of Holley Inc. (NYSE: HLLY) 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 Holley Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Bowling Green, KY based Holley Inc. f/k/a Empower Ltd. designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China.
On July 16, 2021, Empower Ltd., previously operating as a SPAC, completed a business combination with Holley Intermediate Holdings, Inc. The combined company became Holley and its common stock and warrants trade on the NYSE under the ticker symbols "HLLY" and "HLLY WT," respectively.
Shares of Holley Inc. (NYSE: HLLY) declined from $8.06 per share on August 11, 2023, to as low as $5.65 per share on August 25, 2023.
Those who purchased shares of Holley Inc. (NYSE: HLLY) 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.
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