NEW YORK, Nov. 25, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Absci Corporation (Absci" or the "Company") (NASDAQ: ABSI). Such investors are advised to contact Robert S. Willoughby at firstname.lastname@example.org or 888-476-6529, ext. 7980.
The investigation concerns whether Absci and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
On or around July 22, 2021, Absci conducted its initial public offering ("IPO"), offering 12.5 million shares of common stock priced at $16.00 per share. Then, on September 7, 2021, Absci issued a press release reporting its financial and operating results for the second quarter of 2021. Among other items, Absci reported earnings per share ("EPS") and revenue that both fell significantly short of consensus estimates. On this news, Absci's stock price fell $2.97 per share, or 17.22%, to close at $14.28 per share on September 8, 2021. Then, on November 9, 2021, Absci issued a press release reporting its financial results for the third quarter of 2021, again reporting both EPS and revenue that missed consensus estimates.
On this news, Absci's stock price fell $3.80 per share, or 21.08%, to close at $14.23 per share on November 9, 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
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SOURCE Pomerantz LLP