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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Spartan Acquisition Corp II | NYSE:SUNL | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.25 | 0 | 01:00:00 |
From Jul 2022 to Jul 2024
NEW YORK, Jan. 20, 2023 /PRNewswire/ -- Jakubowitz Law announces that a securities fraud class action lawsuit has commenced on behalf of shareholders of Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II (NYSE: SUNL).
To receive updates on the lawsuit, fill out the form:
https://claimyourloss.com/securities/sunlight-financial-holdings-inc-f-k-a-spartan-acquisition-corp-ii-loss-submission-form/?id=35776&from=4
The lawsuit seeks to recover losses for shareholders who purchased Sunlight between January 25, 2021 and September 28, 2022.
Shareholders interested in acting as a lead plaintiff representing the class of wronged shareholders have until February 14, 2023 to petition the court. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
According to a filed complaint, Sunlight Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company lacked effective underwriting and risk evaluation with respect to its contractor advance program; (2) Sunlight lacked the oversight and periodic monitoring systems necessary to timely detect bad debt associated with its contractor advance program; (3) the Company lacked effective internal controls over accounting and reporting of non-cash advance receivables; (4) as a result, the Company would be forced to take a non-cash advance receivables impairment charge exceeding $30 million; and (5) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Jakubowitz Law is vigorous in pursuit of justice for shareholders who have been the victim of securities fraud. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
JAKUBOWITZ LAW
1140 Avenue of the Americas
9th Floor
New York, New York 10036
T: (212) 867-4490
F: (212) 537-5887
View original content:https://www.prnewswire.com/news-releases/sunl-shareholder-alert-jakubowitz-law-reminds-sunlight-shareholders-of-a-lead-plaintiff-deadline-of-february-14-2023-301726414.html
SOURCE Jakubowitz Law
Copyright 2023 PR Newswire
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