The Law Offices of Frank R. Cruz Announces Investigation of AppHarvest, Inc. (APPH) on Behalf of Investors
The Law Offices of Frank R. Cruz Announces Investigation of AppHarvest, Inc. (APPH) on Behalf of Investors
LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of AppHarvest, Inc. (“AppHarvest” or the “Company”) (NASDAQ: APPH) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On August 11, 2021, AppHarvest announced its second quarter 2021 financial results, reporting a $28.5 million net loss and a $4.5 million gross loss. The Company also lowered its full year sales guidance to the range of $7 million to $9 million from a prior range of $20 million to $25 million. AppHarvest attributed the shortfall to labor training and productivity challenges.
On this news, AppHarvest’s stock price fell $3.46 per share, or nearly 29%, to close at $8.51 per share on August 11, 2021, thereby injuring investors.
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If you purchased AppHarvest 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, 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.
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Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
