NEW YORK, Feb. 03, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Provident Bancorp, Inc. PVBCInspirato Incorporated ISPOand Welltower Inc. SO. Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

Provident Bancorp, Inc. PVBC

On November 15, 2022, after the market close, Provident announced in two filings with the Securities and Exchange Commission that it would defer the issuance of its annual financial statements and quarterly report on Form 10-Q for the quarter ended September 30, 2022. In addition, Provident said, “It currently estimates that it will report a net loss of approximately $27.5 million for the quarter ended September 30, 2022 compared to a net income of $5.1 million for the year ended Quarter ended September 30, 2021” and that “[t]The Company is still assessing the actual size of losses due to the recent downturn in the cryptocurrency mining industry and such losses may exceed this estimate.”

As a result of this news, Provident’s stock price fell $2.20 per share, or 21.78%, to close at $7.90 per share on November 16, 2022.

For more information on the Provident investigation, visit: https://bespc.com/cases/PVBC

Inspirato Incorporated ISPO

On November 14, 2022, Inspirato announced in a filing with the US Securities and Exchange Commission (“SEC”) that “[o]On November 8, 2022, the Audit Committee (the “Audit Committee”) of the board of directors of Inspirato Incorporated (the “Company”), after discussion with management, concluded that the Company’s unaudited condensed consolidated financial statements for the year and quarter ended December 31, 2022 are satisfactory March 20, 2022 and June 30, 2022 (collectively, the “Non-Reliability Periods”) included in the Quarterly Reports on Form 10-Q filed at…