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Stock impact report

GINKGO BIOWORKS INVESTIGATION: Block & Leviton Is Investigating Ginkgo Bioworks Holdings For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact th...

Ginkgo Bioworks Holdings, Inc. (DNA) 
Company Research Source: GlobeNewswire
BOSTON, Oct. 25, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) for potential securities law violations. Investors who have lost money in their Ginkgo Bioworks Holdings, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/dna. What is this all about? Earlier today, short seller Scorpion Capital released a report alleging that Ginkgo Bioworks Holdings is a “colossal scam.” The 175-page report alleges that Ginkgo Bioworks’ business model is a “shell game,” and that the company is highly dependent on related party transaction revenues. The report charges that the company is a “Frankenstein mash-up of the worst frauds of the last 20 years.” Ginkgo Bioworks Holdings went public via a deSPAC transaction with blank check company Soaring Eagle Acquisition Corporation in September 2021. Shares in Ginkgo Bioworks have fallen 20% afte Show less Read more
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