LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Amtech Systems, Inc. (“Amtech” or the “Company”) (NASDAQ: ASYS) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On December 14, 2023, Amtech announced that it anticipated taking an impairment charge in its Materials and Substrate segment in part due to a “prolonged downturn . . . in the semiconductor industry and delays in the adoption of next-gen polishing tools.”
On this news, Amtech’s stock price fell $1.89, or 31.6%, to close at $4.10 per share on December 14, 2023, thereby injuring investors.
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If you purchased Amtech 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 Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, 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.
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