BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Horizon Bancorp, Inc. (“Horizon” or the “Company”) (NASDAQ: HBNC) investors concerning the Company’s possible violations of federal securities laws.
On March 10, 2023, Horizon disclosed that it would be unable to timely file its annual report on time and discovered material weaknesses in its internal controls. The Company specified that the weaknesses included accounting revisions of previously issued financial statements and a calculation error in the Company’s public float.
On this news, Horizon’s stock price fell $1.43, or 11%, to close at $11.62 per share on March 13, 2023, thereby injuring investors.
If you purchased Horizon 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to email@example.com, or visit our website at www.howardsmithlaw.com.
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