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Stock impact report

Berman Tabacco Announces Investigation of PowerSchool Holdings LLC formerly known as Severin Holdings, LLC. for Potential Securities Law Violations

PowerSchool Holdings, Inc. Class A (PWSC) 
Company Research Source: GlobeNewswire
BOSTON, May 02, 2024 (GLOBE NEWSWIRE) -- Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by PowerSchool Holdings LLC (“Holdings LLC”), formerly known as Severin Holdings, LLC. (“PowerSchool” or the “Company”) (NYSE: PWSC). About the Investigation On July 30, 2021, the Company completed the IPO of 39,473,685 shares of Class A common stock, par value $0.0001 per share, at an offering price of $18.00 per share, and received $673.2 million in IPO proceeds, net of $37.3 million in underwriting discounts and commissions. On April 17, 2024, Bloomberg reported PowerSchool shares fell in premarket trading after Spruce Point Capital Management said it was “short” and “sees 30% to 60% long-term downside risk to PowerSchool’s share price.” Contact If you have information concerning this investigation, please contact us here: Contact | Berman Tabacco. About Berman Tabacco Since 1982, our firm has prosecuted hundreds of secur Show less Read more
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