EVA - Deadline in Lawsuit for Investors who lost over $100000 in shares of Enviva Inc. (NYSE: EVA) purchased between November 2022 and May 2023 announced by Shareholders Foundation

PR Newswire

SAN DIEGO , Sept. 26, 2023 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a deadline is coming up in the lawsuit on November 13, 2023 for certain investors in Enviva Inc (NYSE: EVA) shares.

Investors, who lost over $100,000 in shares of Enviva Inc. (NYSE: EVA) purchased between November 3, 2022 , and May 3, 2023 , have certain options. Those NYSE: EVA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On May 3, 2023 , Enviva Inc lowered its Full Year 2023 guidance and suspended its dividend payments going forward. Enviva Inc predicted that its 2023 EBITDA would be significantly lower, and its net loss would be higher, stating that "contract labor is too high, discipline around repairs and maintenance spend is insufficient, wood input costs need to come down further and stay there, and utilization rates at specific plants need to improve and stabilize at those improved levels." Shares of Enviva Inc. declined from $48.68 per share on February 06, 2023 , to $6.69 per share on May 04, 2023 .

On September 13, 2023 , a lawsuit was filed by a NYSE: EVA investor against Enviva Inc. The plaintiff alleges that defendants made false and/or misleading statements and/or failed to disclose material information about the financial condition of Enviva, including its earnings before interest, taxes, depreciation, and amortization and net loss forecasts, liquidity position, capital allocations, operation costs, productivity, and the impact of these metrics on Enviva's ability to continue paying dividends in 2023.

Those who purchased Enviva Inc. (NYSE: EVA) shares should contact the Shareholders Foundation, Inc.

CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

SOURCE Shareholders Foundation, Inc.