NNOX - Nano-X drops after disclosing SEC probe into violation of securities laws

Nano-X Imaging (NASDAQ:NNOX) has lost ~5.2% in the pre-market after revealing an investigation by the U.S. Securities & Exchange Commission (SEC) into the potential violation of federal securities laws by the company. In the regulatory filing submitted with its Q3 2021 financials, Nano-X (NNOX) disclosed that the SEC’s Division of Enforcement notified the company about the ongoing investigation. Tt has provided the agency with necessary documents and information, the company added. Meanwhile, Nano-X (NNOX) has also received a subpoena from the SEC for documents and information regarding the development of Nanox.ARC prototypes and the cost estimates for assembly of final Nanox.ARC product at scale. The single-source Nanox.ARC digital x-ray technology was cleared by the FDA early this year.

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Nano-X drops after disclosing SEC probe into violation of securities laws