Investigation announced for Investors who lost money with shares of Natural Alternatives International, Inc. (NASDAQ: NAII)

An investigation on behalf of investors of Natural Alternatives International, Inc. (NASDAQ: NAII) shares over potential securities laws violations by Natural Alternatives International, Inc. and certain of its directors and officers in connection with certain financial statements was announced.

Investors who purchased shares of Natural Alternatives International, Inc. (NASDAQ: NAII), 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 Natural Alternatives International, Inc. (NASDAQ: NAII) concerning whether a series of statements by Natural Alternatives International, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Carlsbad, CA based Natural Alternatives International, Inc. engages in formulating, manufacturing, and marketing nutritional supplements in the United States, Europe, Australia, Asia, Mexico, and Canada.

On August 16, 2023, after the market closed, Natural Alternatives International, Inc. filed with the SEC a current report. Attached to this current report was a press release in which the Natural Alternatives International announced that it had "announced a temporary closure of its new facility in Carlsbad, California, opened earlier this year to expand NAI's production and add high-speed powder blending and packaging to its manufacturing capabilities, with an initial objective of handling current and estimated orders from one of its largest customers. Due to this customer's efforts to rebalance supply and demand, it is temporarily ceasing purchases from Natural Alternatives. As a result, NAI has determined to temporarily close its new high-speed powder blending and packaging facility and has provided sixty days advance notice to most of the staff at that facility, who will be furloughed starting in early October and lasting until approximately December 31, 2023. NAI currently expects these economic factors will be short lived, and in order to influence furloughed employees to return, NAI will pay for the health insurance costs of all furloughed employees during the employee's furlough period, through December 31, 2023. NAI expects to begin shipping new orders to this customer during the first quarter of calendar 2024.
Further, "[r]eduction of these anticipated orders and the closure of the facility is anticipated to have an adverse effect on our results of operations and financial condition primarily during the last calendar quarter of this year, and possibly into the early part of 2024."

Shares of Natural Alternatives International, Inc. (NASDAQ: NAII) declined from $10.12 per share on January 11, 2023, to as low $5.06 per share on August 17, 2023.

Those who purchased shares of Natural Alternatives International, Inc. (NASDAQ: NAII) 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.