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Volta announced on March 21, 2022, that it reschedules its Q4 and year-end 2021 conference call once it completes the necessary review of its financial results and files an amendment to its quarterly report on form 10-Q for the quarter that ended September 30, 2021.
On this news, the price of Volta common stock fell by 8.4%.
Moreover, on March 28, 2022, Volta announced its two co-founders, including the CEO, were resigning from their respective roles and the board.
On this news, the price of Volta common stock fell by 18.4%.
The combination of such circumstances raises a legitimate question about the proper performance of their statutory obligations by the directors, management, and auditors of the Company.
Failure to Disclose,
Shock Event Date
21 March 2022