LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Katapult Holdings, Inc. (“Katapult” or “the Company”) (NASDAQ: KPLT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Katapult announced its financial results for the second quarter of 2021 on August 10, 2021. The Company disclosed that adjusted net income and adjusted EBITDA crashed down 70.4% and 64.8% respectively as compared to the second quarter of 2020. Katapult also pulled its guidance for the rest of the year just weeks after providing guidance to the market. Based on this news, shares of Katapult dropped steeply over the next several trading sessions.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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