SAN DIEGO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announced that a deadline is coming up on November 13, 2023 for certain investors in NYSE: EVA shares in the lawsuit filed against Enviva Inc.
Investors, who purchased shares in excess of $100,000 of Enviva Inc. (NYSE: EVA) between November 3, 2022, and May 3, 2023, have certain options and there are short and strict deadlines running. Deadline: November 13, 2023. Those NYSE: EVA investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
On May 3, 2023, Enviva lowered its Full Year 2023 guidance and suspended its dividend payments going forward. The Company predicted that its 2023 EBITDA would be significantly lower and its net loss would be higher. Shares of Enviva Inc. (NYSE: EVA) declined from $48.68 per share on February 06, 2023 to $6.69 per share on May 04, 2023.
On September 13, 2023, a NYSE: EVA investor filed a lawsuit against Enviva, Inc. over alleged violations of securities laws. The plaintiff alleges that defendants made false and/or misleading statements and/or failed to disclose material information about the financial condition of Enviva, including its earnings before interest, taxes, depreciation, and amortization and net loss forecasts, liquidity position, capital allocations, operation costs, productivity, and the impact of these metrics on Enviva's ability to continue paying dividends in 2023.
Those who purchased Enviva Inc. (NYSE: EVA) shares should contact the Shareholders Foundation, Inc.
CONTACT:
Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.
