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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

The Law Offices of Frank R. Cruz Announces Investigation of Home Point Capital Inc. (HMPT) on Behalf of Investors

June 23, 2021 GMT

LOS ANGELES--(BUSINESS WIRE)--Jun 23, 2021--

The Law Offices of Frank R. Cruz announces an investigation of Home Point Capital Inc. (“Home Point” or the “Company”) (NASDAQ: HMPT ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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In January 2021, Home Point conducted its initial public offering (“IPO”), selling 7.25 million shares of common stock for $13.00 per share.

On May 6, 2021, Home Point announced financial results for the first quarter of 2021, reporting revenue of $324.2 million, which missed consensus estimates by $41.72 million.

On this news, Home Point’s stock price fell $1.66, or 17.7%, to close at $7.72 per share on May 6, 2021, significantly below the IPO price.

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If you purchased Home Point common stock pursuant and/or traceable to the IPO, 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

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/20210623005849/en/

CONTACT: The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz, 310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com

KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: LEGAL PROFESSIONAL SERVICES

SOURCE: The Law Offices of Frank R. Cruz

Copyright Business Wire 2021.

PUB: 06/23/2021 01:29 PM/DISC: 06/23/2021 01:29 PM

http://www.businesswire.com/news/home/20210623005849/en