SAN DIEGO, Jan. 27, 2023 (GLOBE NEWSWIRE) — The Shareholders Foundation, Inc. announces that the lawsuit filed by Iris Energy Limited on behalf of certain investors is approaching a February 6 deadline IRISH shares.

Investors who bought over $250,000 worth of Iris Energy Limited shares IRISH have certain options and short and strict deadlines apply. Deadline: February 6, 2023. Those NASDAQ:IRES investors should contact the Shareholders Foundation at mail@aktionärsstiftung.com or call +1(858) 779-1554.

On December 7, 2022, a lawsuit was filed in the United States against Iris Energy Limited alleging violations of securities laws. Plaintiff alleged that the offering documents filed in connection with the Company’s initial public offering (“IPO”), which took place on or about November 17, 2021, and which Defendants misrepresented between November 17, 2021 and November 1, 2022 and/or misleading statements and/or failure to disclose that certain Iris Energy Limited bitcoin miners owned by their Non-Recourse SPVs are unlikely to generate sufficient cash flow to service their respective debt financing obligations, which accordingly Iris’ use of equipment financing arrangements means sourcing bitcoin miners was not as sustainable as defendants had indicated, that the foregoing would likely have a material adverse impact on the Company’s business, operations and financial condition, and that the offering documents and the public statements of the Bek between November 17, 2021 and November 1, 2022 was materially false and/or misleading and did not contain any information required to be disclosed therein.

Those who bought Iris Energy Limited IRISH Shares please contact the Shareholders Foundation, Inc.

CONTACT:
Shareholder Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@aktionärsstiftung.com
3111 Camino Del Rio North
episode 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional…