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WVE.US
id: 509, Created by Stan Vick Chase, Scout
WVE Questionable $70M Offering on behalf of RA Capital
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
On June 14, 2022, Wave Life Sciences (NASDAQ: WVE) announced a $70 million offering at a price of $2.15/share and to RA Capital Management, in lieu of ordinary shares, pre-funded warrants to purchase up to 7.09M shares.
Despite the offering's price represented a premium of 7.5% over the closing price on June 13, 2022, it was almost 2 times lower than average (~$4) for the preceding 12 months.
Earlier, on May 12, 2022, Wave stated in its Q1 2022 report that it expects that its existing cash, cash equivalents, and short-term investments will enable the Company to fund its operating and capital expenditure requirements into the second quarter of 2023.
Comparing the official Company's financial representations and further actual steps, Investors have all reasons to suspect the Company's management of gross violations, including financial misrepresentations, breach of fiduciary duties to shareholders, probably malpractice, and conspiracy.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Price manipulation,
Insider Trading,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Investment Bank,
Service Provider,
Hedge Fund
Security Type
Stocks
Trade Direction
Long
Shock Event Date
14 June 2022