NEW YORK, Aug. 21, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against Super Group (SGHC) Limited SGHCSema4 Holdings Corp. SMFR SMFRW))), Marqeta, Inc. MQand World Wrestling Entertainment, Inc. WWE. 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.
Super Group (SGHC) Limited SGHC
On May 25, 2022, during a conference call to discuss the company’s first quarter 2022 results, Super Group withdrew its fiscal 2022 revenue guidance of €1.4 billion and Adjusted EBITDA guidance of €345 million, stating, “[g]Given the observed volatility and known uncertainties, we are working on a new guidance for 2022 and should be able to provide an update on our expectations when we release second quarter results in August.”
As a result of this news, Super Group’s common stock price fell $1.89 per share, or 23.28%, to close at $6.23 per share on May 25, 2022.
Then, on August 11, 2022, in a conference call to discuss the company’s second-quarter 2022 results, Super Group provided full-year 2022 revenue guidance of “between €1.15 billion and €1.28 billion” and an adjusted one EBITDA guidance announced of “between EUR 200 million” and EUR 250 million.” Super Group attributed the reduced guidance to “continued pressure from multiple economic and regulatory headwinds combined with a further degree of post-COVID normalization”.
As a result of this news, Super Group’s common stock price fell $0.69 per share, or 12.19%, to close at $4.97 per share on August 11, 2022.
For more information on the Super Group investigation, visit: https://bespc.com/cases/SGHC
Sema4 Holdings Corp. SMFR SMFRW)))
On July 22, 2021, CM Life Sciences, Inc., a special purpose acquisition company, completed its business combination with Mount Sinai Genomics, Inc. and the…
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