An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at AppHarvest, Inc.
Investors who purchased shares of AppHarvest, Inc. (NASDAQ: APPH) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain AppHarvest, directors breached their fiduciary duties and caused damage to the company and its shareholders.
Morehead, KY based AppHarvest, Inc., a development stage company, builds and operates high-tech greenhouses to grow fruits and vegetables in the United States.
In February 2021, AppHarvest, Inc. completed its SPAC merger to go public at valuation over $1 billion. AppHarvest, Inc. raised about $475 million as a result of the merger.
On August 11, 2021, AppHarvest, Inc. (NASDAQ: APPH) announced financial results for the second quarter ended June 30, 2021. Net loss was $32 million. The Company also lowered its full-year 2021 net sales outlook to the range of $7 million to $9 million from a prior range of $20 million to $25 million.
Shares of AppHarvest, Inc. (NASDAQ: APPH) declined from $39.50 per share on February 10, 2021, to $6.71 per share on August 17, 2021.
Those who purchased shares of AppHarvest, Inc. (NASDAQ: APPH) have certain options and should contact the Shareholders Foundation.