An SEC Investigation At AAC Holdings, Previously Undisclosed, Now Appears To Be Expanding [Seeking Alpha]
Ares Acquisition Corporation Class A Ordinary Shares (AAC)
Last ares acquisition corporation class a ordinary shares earnings: 8/30 06:00 am
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US:NASDAQ Investor Relations:
ir.americanaddictioncenters.org
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Source: Seeking Alpha
This full report was first published to our clients on December 13, 2018 and has not been updated since. Watch this micro-cap name closely – A disclosed SEC investigation at AAC Holdings, Inc. (NASDAQ: AAC ) , previously undisclosed, now appears to be expanding. Worse, it wasn’t first disclosed until Nov-2018, even though a subpoena first showed up in March 2018, and a registration statement filed in June had not a word about SEC woes. The big question for investors is this: If it wasn’t material enough to disclose receipt of an SEC subpoena back in March, or even in a registration to raise additional capital filed over the summer, one must ask: What changed? What changed is the company determined it needed to disclose an SEC investigation it previously didn’t think was material enough to require disclosure. Our parsing of the Nov-2018 disclosure tells us the investigation has expanded. Therein lies the danger. The investigation dates ba
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