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Stock impact report

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Kornit Digital Ltd. Investors (KRNT)

Kornit Digital Ltd. - Ordinary Shares (KRNT) 
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.kornit.com
Company Research Source: Business Wire
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Kornit Digital Ltd. (“Kornit” or the “Company”) (NASDAQ: KRNT) investors concerning the Company and its officers’ possible violations of federal securities laws.On May 7, 2019, Spruce Point Capital Management ("Spruce Point") published a report alleging, among other things: (i) that Kornit was "not adequately disclosing" the terms of Amazon price rebates; (ii) that there was "a discrepancy between reported Amazon revenues in Kornit's filings"; and (iii) Kornit had engaged in "aggressive tactic[s]" with respect to reporting the cost of warrants granted to Amazon, "which the SEC questioned, and made [Kornit] restate results."On this news, Kornit's stock price fell $2.63 per share, or over 9%, to close at $25.51 per share on May 7, 2019, thereby injuring investors.Then August 6, 2019, post-market, Kornit released its financial results for the second quarter of 2019, disclosing a sig Show less Read more
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