NEW
YORK, May 11, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Stronghold
Digital Mining, Inc..
Shareholders who purchased shares of SDIG during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/stronghold-digital-mining-inc-loss-submission-form/?id=27031&from=4
CLASS PERIOD: This lawsuit is on behalf of persons and
entities that purchased or otherwise acquired Stronghold Class A
common stock pursuant and/or traceable to the registration
statement and prospectus issued in connection with the Company's
October 2021 initial public
offering.
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) contracted
suppliers, including MinerVa Semiconductor Corp., were reasonably
likely to miss anticipated delivery quantities and deadlines; (2)
due to strong demand and pre-sold supply of mining equipment in the
industry, Stronghold would experience difficulties obtaining miners
outside of confirmed purchase orders; (3) as a result of the
foregoing, there was a significant risk that Stronghold could not
expand its mining capacity as expected; (4) as a result, Stronghold
would likely experience significant losses; and (5) as a result of
the foregoing, defendants' positive statements about the Company's
business, operations, and prospects were materially misleading
and/or lacked a reasonable basis.
DEADLINE: June 13, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/stronghold-digital-mining-inc-loss-submission-form/?id=27031&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SDIG during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 13, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm