NEW YORK, NY / ACCESSWIRE / July 15, 2021 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Stable Road Acquisition Corp. ('Stable Road" or 'the Company') (NASDAQ:SRAC). Investors who purchased Stable Road shares are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/srac.
The investigation concerns whether Stable Roadand certain of its officers and/or directors have violated federal securities laws.
On July 13, 2021, the U.S. Securities and Exchange Commission ("SEC") announced that it had brought charges against the special-purpose acquisition company ("SPAC") Stable Road in connection with its acquisition of Momentus Inc. ("Momentus"). Among other things, the SEC has alleged that Momentus lied about its technology, including falsely claiming that its propulsion system had been ‘successfully tested' in space, ad that Stable Road repeated Momentus's misleading statements in public filings, while failing to conduct adequate due diligence of Momentus. On this news, Stable Road's stock price fell $1.22 per share, or 10.27%, to close at $10.66 per share on July 14, 2021.
If you are aware of any facts relating to this investigation, or purchased Stable Road shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/srac. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
SOURCE: Bronstein, Gewirtz and Grossman, LLC
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