CRGE - Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Charge Enterprises Inc. (CRGE) | Benzinga
LOS ANGELES, June 10, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming July 29, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Charge Enterprises, Inc. ("Charge" or the "Company") (NASDAQ:CRGE) common stock between December 15, 2021 and February 28, 2024, inclusive (the "Class Period").
If you suffered a loss on your Charge investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Charge-Enterprises-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.
On November 21, 2023, Charge disclosed that it had received a default notice from its senior lender, Arena Investors, LP ("Arena"), stating that its prior belief that it had "approximately $9.9 million of Company assets . . . in the form of cash, cash equivalents, marketable securities or similar readily liquid assets" was false; instead, these funds had been invested in KORR Value and were thus "not immediately able to be liquidated or readily accessible." Charge warned that if it "[continued] not to have sufficient liquidity to pay the principal and interest on the [Arena] Notes. . ...
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