Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.

Following this news, the company’s share price dropped by $0.08, or 5.26%, closing at $1.44 per share on September 25, 2024, amid unusually high trading volume.

The class action complaint claims that during the Class Period, the Defendants made significant false and misleading statements and failed to reveal important negative information about the company’s business and future prospects. Specifically, the Defendants allegedly did not inform investors about: (1) the company’s inadequate internal controls over financial reporting; (2) the likelihood that it did not accurately disclose all executive officers, management members, and potential related party transactions from fiscal years 2020 to 2023; (3) the possibility that the company mischaracterized certain fees for investor relations and legal services as reductions in capital raise proceeds rather than as expenses in fiscal years 2021 and 2022; (4) the likelihood that it improperly valued unrestricted stock awards to officers, directors, employees, and others from fiscal years 2020 to 2022; and (5) that, due to these issues, the Defendants’ positive statements regarding the company’s business and outlook were misleading and lacked a solid foundation.