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SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DMC
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Inves...
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[{"type":"text","content":"SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of DMCFaruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In DMC To Contact Him Directly To Discuss Their OptionsIf you purchased or acquired securities in DMC between May 3, 2024 and November 4, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information]New York, New York--(Newsfile Corp. - February 3, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against DMC Global Inc. (\"DMC\" or the \"Company\") (NASDAQ: BOOM) and reminds investors of the February 4, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that reporting segment; (2) DMC Global's materially inadequate internal systems and processes were adversely affecting its operations; (3) the Company's inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (4) as a result, Defendants misrepresented DMC Global's operations and financial results; and/or (5) as a result, the Company's public statements were materially false, misleading, or lacked a reasonable basis when made.On October 21, 2024, DMC announced a revision to its financial guidance for the fiscal quarter concluding on September 30, 2024. The company now anticipates that its adjusted EBITDA will be approximately $5 million, significantly reduced from the previously forecasted range of $15 to $18 million. Additionally, DMC indicated that its third quarte...