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Investigation announced for Investors in shares of Chart Industries, Inc. (NYSE: GTLS) over possible Violations of Securities Laws

12-06-2023 01:13 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Chart Industries, Inc. (NYSE: GTLS) shares over potential securities laws violations.

An investigation for investors in Chart Industries, Inc. (NYSE: GTLS) shares over potential securities laws violations.

An investigation was announced for investors of Chart Industries, Inc. (NYSE: GTLS) shares over potential securities laws violations by Chart Industries, Inc.

Investors who purchased shares of Chart Industries, Inc. (NYSE: GTLS), 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 Chart Industries, Inc. (NYSE: GTLS) concerning whether a series of statements by Chart Industries, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Ball Ground, GA based Chart Industries, Inc. manufactures and sells engineered cryogenic equipment for the industrial gas and clean energy markets in the United States and internationally. Chart Industries, Inc. reported that its annual Total Revenue rose from $1.31 billion in 2021 to over $1.61 billion in 2022 and that its Net Income declined from $59.1 million in 2021 to $24 million in 2022.

On November 9, 2022, Chart Industries, Inc. announced that it had entered into an agreement to acquire Howden from affiliates of KPS Capital Partners, LP. According to the announcement, the $4.4 billion acquisition price "will be funded through a mix of cash and shares of a newly created class of preferred stock, which may represent approximately $1.1 billion of the purchase price."

Those who purchased shares of Chart Industries, Inc. (NYSE: GTLS) 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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