Le Lézard
Classified in: Business
Subject: ATY

VSTA Alert: Johnson Fistel Launches Investigation into Vasta Platform; Investors Suffering Losses Encouraged to Contact Firm


SAN DIEGO, Aug. 29, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Vasta Platform Limited ("Vasta" or the "Company") (NASDAQ: VSTA) for violations of federal securities laws.

On or about July 31, 2020, Vasta sold about 18.6 million shares of stock in its initial public stock offering (the "IPO"), at $19.00 a share raising nearly $353 million in new capital. However, since the IPO, Vasta stock has dropped significantly, on August 28, 2020, the stock closed at $15.32.

On August 20, 2020, Vasta announced the Company's financial results for the second quarter and the first half of 2020. Vasta reported a second-quarter net loss of 54.9 million Reais and revenue of 120.23 million Reais, representing a revenue decline of 12.9% from the year-ago quarter. 

Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its July 2020 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations.

If you have information that could assist in this investigation, or if you are a Vasta shareholder and are interested in learning more about the investigation, please contact Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number.

Additionally, you can [Click here to join this action]. There is no cost or obligation to you.

About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
jimb@johnsonfistel.com

[Click here to join this action]

SOURCE Johnson Fistel, LLP


These press releases may also interest you

at 07:15
VSBLTY Groupe Technologies Corp. ("VSBLTY"), a leading provider of security and retail marketing technology, today announced that it has partnered with Branding Global, a Latin American comprehensive advertising network operator, to deploy a...

at 07:15
Care Value, Inc., ("CareValue"), based in Canandaigua, New York, has announced that they will be offering EmblemHealth and ConnectiCare Medicare products for online enrollments on MedicareValue.com. MedicareValue, owned by CareValue, is a compliant,...

at 07:13
Bioservo Technologies AB has signed a distribution agreement with G-Hoo Corporation Inc for selling Ironhand® in South Korea. G-HOO has during the last 20 years played a pivotal role in the Korean automotive industry as well as in general...

at 07:10
GTCR, a leading private equity firm, announced today that it has signed a definitive agreement to acquire Consumer Cellular, Inc. ("Consumer Cellular" or the "Company")....

at 07:07
Innovative Singapore-based shopping app Wholee Prime (www.wholeeprime.com) continues to see significant growth both in downloads and membership since its August launch. The challenger-app is approaching half-a-million UK downloads on Google Play,...

at 07:05
Garmin Ltd. today announced results for the third quarter ended September 26. Highlights for third quarter 2020 include: Total revenue of over $1.1 billion, a 19% year-over-year increase, led by robust growth in marine, fitness and outdoor...



News published on 29 august 2020 at 09:33 and distributed by: