NEW YORK, Feb. 03, 2023 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits can be filed on behalf of shareholders of NewAge, Inc. NBEVQTwist Bioscience Corp TWSTSunlight Financial Holdings, Inc. SUNLand Gaia, Inc. GAIA. Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

NewAge, Inc. NBEVQ

Class period: January 18, 2018 – October 18, 2022

Lead Plaintiff Deadline: February 6, 2023

On January 10, 2022, NewAge filed an 8-K announcing that the board and defendant Willis had agreed that he would “resign as [CEO], director and associate of the Company, effective immediately. The Company and Mr. Willis will determine the terms of his departure at a later date. [. . .] Ed Brennan will provide additional guidance and direction to the senior management team [. . .]In response, the stock fell 6% on each subsequent trading day, from an opening price of $0.98 to a closing price of $0.9251 on January 11, and from an opening price of $0.935 to a closing price of 0. $88 on January 12.

On May 17, 2022, after the close of trading hours, the Company announced that it had received a delayed notice from Nasdaq regarding the filing of its Form 10-Q. The next day, the stock fell 8%, from an opening price of $0.391 a share to $0.3591 a share.

On June 8, 2022, after the close for that day, the Company announced that it was conducting a review of “strategic alternatives,” including “available financing alternatives, a potential financial restructuring, merger, sale or other strategic transaction.” The next day, NewAge’s share price fell 12% from $0.42 per share to $0.3703. After that, the company’s share price closed up 11% (price per share fell from $0.3605 to $0.3201 on the day), 5% (price per share fell from ($0.3112…