Velocity (VEL) Alert: Johnson Fistel Investigates Velocity Financial, Inc.; Investors Suffering Losses Encouraged to Contact Firm
Velocity Financial, Inc. (VEL)
Company Research
Source: GlobeNewswire
SAN DIEGO, April 26, 2020 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Velocity Financial, Inc. ("Velocity" or "the Company") (NYSE: VEL). On or about January 22, 2020, Velocity sold 7,250,000 shares of stock in its initial public stock offering (the "IPO"), at $13.00 a share raising $94,250,000 in new capital. However, since the IPO, Velocity stock has plunged, on April 24, 2020, the stock closed at $3.09. Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its January 2020 IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company's business, and operations. If you have information that could assist in this investigation, or if you a
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VEL
Earnings
- 11/7/24 - In-Line
VEL
Analyst Actions
- 11/12/24 - BTIG
VEL
Sec Filings
- 12/16/24 - Form EFFECT
- 12/13/24 - Form 8-K
- 12/13/24 - Form 424B5
- VEL's page on the SEC website