Investigation announced for Investors who lost money with shares of Thoughtworks Holding, Inc. (NASDAQ: TWKS)

An investigation was announced for investors of Thoughtworks Holding, Inc. (NASDAQ: TWKS) shares over potential securities laws violations by Thoughtworks Holding, Inc.

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

Chicago, IL based Thoughtworks Holding, Inc. provides technology consultancy services in North America, the Asia Pacific, Europe, and Latin America.

Thoughtworks Holding, Inc. (NASDAQ: TWKS) reported that its annual Total Revenue declined from over $1.29 billion in 2022 to over $1.12 billion in 2023, and that its Net Loss increased from $22.46 million in 2022 to $26.23 million in 2023.

On February 12, 2024, Thoughtworks Holding, Inc. filed a Current Report on Form 8-K with the SEC announcing its "previously issued unaudited condensed consolidated financial statements as of and for the quarterly periods ended June 30, 2023 and September 30, 2023 (collectively, the 'Non-Reliance Periods') included in the Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (the 'SEC') for the Non-Reliance Periods, (1) should no longer be relied upon due to an inaccurate presentation of the change in cash flows ascribed to operating activities in the condensed consolidated statement of cash flows, as further described below, and (2) will require restatement. Similarly, any previously issued or filed reports, earnings releases, and investor presentations or other communications describing the Company's condensed consolidated unaudited financial statements and other related financial information covering the Non-Reliance Periods should no longer be relied upon."

Shares of Thoughtworks Holding, Inc. (NASDAQ: TWKS) declined from $5.20 per share on January 24, 2024, to as low as $2.19 per share on April 15, 2024.

Those who purchased shares of Thoughtworks Holding, Inc. (NASDAQ: TWKS) 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.