The Law Offices of Frank R. Cruz Announces Investigation of Block, Inc. (SQ) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Block, Inc. (“Block” or the “Company”) (NYSE: SQ) on behalf of investors concerning the Company’s possible violations of federal securities laws.

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On January 31, 2022, Block completed its acquisition of Afterpay by acquiring all outstanding ordinary shares of Afterpay in exchange for shares of Block class A common stock. Block assured Afterpay shareholders that the Block securities issued in the transaction would be “issued in reliance upon an available exemption for such registration requirements pursuant to Section 3(a)(10) of the Securities Act.” However, it appears that Block did not satisfy mandatory conditions necessary to exempt it from registration and no registration statement has been filed with the SEC. As such, injured investors may have legal recourse.

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If you purchased Block 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 [e-mail], 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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