Investigation announced for Long-Term Investors who lost money with shares of SeaStar Medical Holding Corporation (NASDAQ: ICU, ICUCW)

An investigation was announced over potential breaches of fiduciary duties by certain directors and officers of SeaStar Medical Holding Corporation.

Investors who are current long term investors in SeaStar Medical Holding Corporation (NASDAQ: ICU, ICUCW) shares, 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 for current long term investors in NASDAQ: ICU, ICUCW stocks follows a lawsuit filed against SeaStar Medical Holding Corporation over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: ICU, ICUCW stocks, concerns whether certain SeaStar Medical Holding Corporation directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the District of Colorado the plaintiff alleges that, the defendants made false and/or misleading statements and/or failed to disclose that SeaStar and/or Legacy SeaStar had deficient compliance controls and procedures related to the HDE Application, that accordingly, there were deficiencies with the HDE Application, the FDA was unlikely to approve the HDE Application in its present form, and the SCD's regulatory prospects were overstated, that the Company had downplayed the true scope and severity of deficiencies in its financial controls and procedures, while overstating defendants' efforts to remediate the same, that accordingly, SeaStar had failed to properly account for the classification of certain outstanding warrants and the Prepaid Forward Agreement, that as a result, SeaStar was likely to restate one or more of its previously issued financial statements, that accordingly, SeaStar's post-Merger business and financial prospects were overstated, and that as a result, the Company's public statements were materially false and misleading at all relevant times.

Those who purchased shares of SeaStar Medical Holding Corporation (NASDAQ: ICU, ICUCW) 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

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.