INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Katapult Holdings, Inc. (KPLT) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Aug 16, 2021--
Law Offices of Howard G. Smith continues its investigation on behalf of Katapult Holdings, Inc. (“Katapult” or the “Company”) (NASDAQ: KPLT ) investors concerning the Company and its officers’ possible violations of federal securities laws.
On August 9, 2021, Katapult, an e-commerce focused financial technology company, announced its second quarter 2021 financial results reporting, “net loss was $8.1 million, down from $5.1 million of net income in the second quarter of 2020. Adjusted net income was $1.5 million, down 70.4% from $5.2 million in the second quarter of 2020.”
On this news, the Company’s stock fell $5.47, or 56%, to close at $4.26 per share on August 10, 2021, thereby injuring investors.
If you purchased Katapult securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210816005612/en/
CONTACT: Law Offices of Howard G. Smith
Howard G. Smith, Esquire
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA PENNSYLVANIA
INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES
SOURCE: Law Offices of Howard G. Smith
Copyright Business Wire 2021.
PUB: 08/16/2021 02:11 PM/DISC: 08/16/2021 02:11 PM