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Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Capstone Green Energy Corporation (CGRN)

Grand News Network | November 8, 2023

LOS ANGELES, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming December 12, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Capstone Green Energy Corporation ("Capstone" or the "Company") (NASDAQ:CGRN, OTC:CGRNQ) securities between June 14, 2021 and September 22, 2023, inclusive (the "Class Period").

If you suffered a loss on your Capstone investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/Capstone-Green-Energy-Corporation/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On August 15, 2023, after the closing of trading, the Company announced its inability to timely file a Form 10-Q due to an "ongoing review and investigations by the Audit Committee of financial reporting and other matters." On this news, the Company's stock price fell $0.05, or 5%, to close at $0.89 per share August 16, 2023, on unusually high trading volume. The Company's stock price continued to fall the next trading session by $0.05, or 5%, to close at $0.84 per share on August 17, 2023.

Then, on August 18, 2023, after trading hours, the Company announced it had entered into ...

Full story available on Benzinga.com


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