NEW YORK, March 30, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Acutus Medical, Inc. ("Acutus" or the "Company") (NASDAQ: AFIB). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Acutus and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around August 6, 2020, Acutus conducted its initial public offering ("IPO"), issuing 8,800,000 shares priced at $18.00 per share. Then, on March 19, 2021, analysts at both William Blair and JPMorgan downgraded Acutus's stock, citing the Company's weaker than expected revenue guidance and lack of clarity regarding progress on the commercialization of the Company's AcQMap product.
On this news, Acutus's stock price fell $1.32 per share, or 7.84%, to close at $15.51 per share on March 19, 2021.
The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980
SOURCE Pomerantz LLP