Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Sunlight Financial Holdings Inc. (SUNL) Investigation
ACCESS Newswire
03 Oct 2022, 23:07 GMT+10
NEW YORK, NY / ACCESSWIRE / October 3, 2022 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Sunlight Financial Holdings Inc. ('Sunlight' or the 'Company') (NYSE:SUNL). Investors who purchased Sunlight securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/sunl.
The investigation concerns whether Sunlight has violated federal securities laws.
On September 28, 2022, Sunlight issued a press release 'announc[ing] that an installer liquidity event and volatile interest rates will impact its full-year 2022 financial performance' and that '[a]s a result, the Company is withdrawing its previously-provided full-year 2022 outlook metrics.' Sunlight stated that '[o]ne of Sunlight's largest solar installers has notified the Company that due to cash flow challenges, the installer is in the process of winding down its operations, likely restricting its ability to fully meet its financial obligations. As a result, Sunlight expects to impair $30 to $33 million in advances to that installer on the Company's balance sheet as of September 30, 2022.' On this news, Sunlight's stock price fell $1.44 per share, or 57.14%, to close at $1.08 per share on September 29, 2022.
If you are aware of any facts relating to this investigation or purchasedSunlight shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/sunl. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
212-697-6484 | [email protected]
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View source version on accesswire.com:
https://www.accesswire.com/718551/Bronstein-Gewirtz-Grossman-LLC-Notifies-Shareholders-of-Sunlight-Financial-Holdings-Inc-SUNL-Investigation
Share
Tweet
Share
Flip
Email
Subscribe and Follow
Get a daily dose of Kansas City Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Kansas City Post.
More InformationCDC: US records 1,288 measles cases, most since 1992 outbreak
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
Gaza War sucking life out of an Israeli generation
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
Faulty IT system at heart of UK Post Office scandal, says report
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
Travelers can now keep shoes on at TSA checkpoints
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
Rubio impersonator used AI to reach officials via Signal: cable
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
Warsaw responds to migration pressure with new border controls
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
AI saves $500 million for Microsoft as layoffs reshape strategy
REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...
FTC’s rule to ease subscription cancellations struck down by court
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
Ex-UK PM Sunak takes advisory role at Goldman Sachs
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
PwC: Copper shortages may disrupt 32 percent of chip output by 2035
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
