LOVE - Bragar Eagel & Squire P.C. Is Investigating Blink Lovesac and DigitalOcean and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Blink Charging Co. (NASDAQ:BLNK), Lovesac Company (NASDAQ:LOVE), and DigitalOcean Holdings, Inc. (NYSE:DOCN). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
Blink Charging Co. (NASDAQ:BLNK)
On August 9, 2023, Blink disclosed that it received a subpoena from the Securities and Exchange Commission ("SEC") requesting the "production of documentation and other information since January 1, 2020, relating to various subjects, including executive departures, related-party transactions, number of EV charging stations, and other discrete disclosure matters." The Company further disclosed that it is "unable to predict what the timing or the outcome of the SEC investigation may be or what, if any, consequences the SEC investigation may have on us."
Following this news, Blink's stock price dropped 14% per share on August 10, 2023.
For more information on the Blink investigation go to: https://bespc.com/cases/BLNK
Lovesac Company (NASDAQ:LOVE)
On August 15, 2023, Lovesac issued a press release announcing non-reliance on previously issued financial statements or a related audit report. The Company stated, "In June 2023, the Audit Committee (the "Audit Committee") of the Board of Directors of The Lovesac Company (the "Company") commenced an internal investigation related to the recording of last mile shipping expenses, resulting from the discovery of a recorded journal entry in the quarter ended April 30, 2023 to capitalize $2.2 million of shipping expenses that related to the fiscal year ...