New York, January 4, 2023 /PRNewswire/ — Pomerantz LLP is investigating allegations from investors in Sunlight Financial Holdings Inc. (“Sunlight” or the “Company”) (NYSE: SUNL). Such investors are advised to call Robert S. Willoughby At [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Sunlight and certain of its officers and/or directors engaged in securities fraud or other illegal business practices.
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On September 28, 2022Sunlight announced in a press release[ing] that an installer liquidity event and fluctuating interest rates will affect its 2022 financial performance and that “[a]As a result, the company is withdrawing its previously provided 2022 outlook metrics.” Sunlight stated that “[o]One of the largest solar installers, Sunlight, has informed the company that the installer is winding down operations due to cash flow challenges, which may limit its ability to fully meet its financial obligations. As a result, sunlight is expected to be disturbed 30 dollars To 33 million dollars Advance payment to that installment in the balance sheet of the company from date September 302022.”
With this news, Sunlight’s share price decreased $1.44 per share or ends at 57.14% $1.08 Each share in September 29, 2022.
Pomerantz LLP, with offices at New York, Chicago, Los Angles, ParisAnd Tel Aviv, is known as one of the top companies in the field of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomeranzKnown as the chairman of the class action bar, Pomerantz was a pioneer in the field of securities class actions. Today, more than 85 years later, Pomerantz continues his tradition of fighting for the rights of victims of securities fraud, breach of fiduciary duty and corporate malfeasance. The company has received multi-million dollar damages awards on behalf of class members. See www.pomlaw.com
Robert S. Willoughby
888-476-6529 ext 7980
Source Pomerantz LLP