The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Array Technologies, Inc. (“Array” or “the Company”) (NASDAQ: ARRY) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Array announced on March 15, 2023, that it would file an amendment to its previously filed Notification of Late Filing on Form 12b-25 with the SEC. The Company stated that it would be unable to file its Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”) within the 15 day extension window, which ended on March 16, 2023. The Company postponed its fourth quarter and full year financial results to allow additional time to complete its year-end procedures. Based on this news, shares of Array fell by more than 6.4% on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
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