An investigation for investors in NASDAQ:NK shares was announced concerning potential securities laws violations by Nantkwest in connection certain financial statements.
Investors who purchased shares of Nantkwest Inc (NASDAQ:NK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Nantkwest Inc (NASDAQ:NK) concerning whether a series of statements by Nantkwest regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On July 28, 2015, NantKwest’s stock traded as high as $38.48, the same day the Nantkwest Inc sold over 8 million shares of stock in its initial public stock offering (the “IPO”), raising $207.2 million in new capital.
On March 11, 2016, NantKwest announced that the Audit Committee of the Board of Directors of Nantkwest Inc concluded, after discussion with management and Mayer Hoffman McCann P.C., Nantkwest’s independent registered public accounting firm, that the interim financial statements contained in Nantkwest’s quarterly reports on Form 10-Q for the quarters ended June 30, 2015 and September 30, 2015 should no longer be relied upon due to the combined effect of financial statement errors primarily attributable to certain stock-based awards to Nantkwest’s Chief Executive Officer and Executive Chairman and build-to-suit lease accounting related to one of its research and development and Good Manufacturing Practices facilities.
On March 21, 2016, NASDAQ:NK shares closed at $8.05 per share.
Those who purchased NASDAQ:NK shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com