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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Globe Newswire
Press release content from Globe Newswire. The AP news staff was not involved in its creation.

(ABSI) Alert: Did You Lose Money on Your Absci Corporation Investment? Contact Johnson Fistel Regarding Investigation

November 15, 2021 GMT

SAN DIEGO, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Shareholder Rights Law Firm Johnson Fistel, LLP is investigating potential claims against Absci Corporation (“Absci”) (NASDAQ: ABSI) and its officers and directors for violations of federal securities laws.

The company commenced its initial public offering (“IPO”) on July 22, 2021, selling 12.5 million shares priced at $16 per share. On September 7, 2021, and November 9, 2021, Absci issued earnings for the second and third quarters of 2021, respectively. Both of these quarterly reports missed expectations. Since the IPO, Absci shares have plummeted, closing at $11.18 per share on November 12, 2021.

Johnson Fistel’s investigation seeks to determine whether the company’s filings with the U.S. Securities and Exchange Commission in connection with its July 2021 IPO misrepresented its business, operations, and outlook.

If you purchased Absci, have information that could assist in this investigation (including past employees and others), or if you are interested in learning more about the investigation, please contact lead analyst Jim Baker ( jimb@johnsonfistel.com ) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

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