Press release
Investigation announced for Investors who lost money with shares of PowerSchool Holdings, Inc. (NYSE: PWSC)
An investigation for investors in PowerSchool Holdings, Inc. (NYSE: PWSC) shares over potential securities laws violations.
Investors who purchased shares of PowerSchool Holdings, Inc. (NYSE: PWSC), 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 whether a series of statements by PowerSchool Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Folsom, CA based PowerSchool Holdings, Inc., together with its subsidiaries, offers cloud-based software to the K-12 education market in the United States, Canada, and internationally. PowerSchool Holdings, Inc. reported that its annual Total Revenue rose from $630.68 million in 2022 to $697.65 million in 2023, and that its Net Loss increased from $20.78 million in 2022 to $31.13 million in 2023.
On April 17, 2024, Spruce Point Capital Management released a report about PowerSchool Holdings, Inc.. Spruce Point conducted a forensic review of PowerSchool Holdings, Inc., stating "concerns over the Company's aggressive accounting practices, unsustainable growth expectations, and sales of a product that may potentially be violating several states' child privacy laws. We also believe the Board may be conflicted and as a result, may not be serving all shareholders equally."
Shares of PowerSchool Holdings, Inc. (NYSE: PWSC) declined from $25.14 per share on February 09, 2024, to as low as $16.50 per share on May 03, 2024.
Those who purchased shares of PowerSchool Holdings, Inc. (NYSE: PWSC) 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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