OLPX - OLAPLEX ALERT: Bragar Eagel & Squire P.C. is Investigating Olaplex Holdings Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Olaplex Holdings, Inc. (NASDAQ:OLPX) on behalf of long-term stockholders following a class action complaint that was filed against Olaplex on November 17, 2022 with a Class Period pursuant to the company's September 30, 2021 IPO. Our investigation concerns whether the board of directors of Olaplex have breached their fiduciary duties to the company.
Olaplex was founded in 2014 and is headquartered in Santa Barbara, California. Olaplex manufactures and sells hair care products. The Company offers hair care shampoos and conditioners for use in treatment, maintenance, and protection of hair. Olaplex purports to participate in the "prestige segment" of the haircare market, which the Company claims is "expected to be the fastest growing segment of the global haircare market from 2020 to 2025."
On August 27, 2021, Olaplex filed a registration statement on Form S-1 with the SEC in connection with the IPO, which, after several amendments, was declared effective by the SEC on September 29, 2021 (the "Registration Statement").
On October 1, 2021, Olaplex filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (collectively, the "Offering Documents").
Pursuant to the IPO, Olaplex issued 73,700,000 shares of its common stock to the public at the Offering price of $21.00 per share for approximate proceeds of ...