SAN DIEGO, Dec. 11, 2018 /PRNewswire/ -- Shareholder Rights
Law Firm Johnson Fistel, LLP with the assistance of former
California Deputy Attorney General
and Special Prosecutor, Tiffany Johnson,
Esq., is investigating potential claims against YogaWorks,
Inc. (NASDAQ: YOGA) ("YogaWorks").
On or about July 11, 2017,
YogaWorks sold 9.2 million shares of stock in its initial public
stock offering (the "IPO"), at $5.50
a share raising $40,200,000 in new
capital. However, since the IPO, YogaWorks stock has plunged,
on December 11, 2018, the stock
closed at $0.66.
On August 14, 2018, YogaWorks
reported its financial and operating results for the second quarter
of 2018 and held a conference call to discuss the results.
YogaWorks announced that it had lowered the midpoint of earnings
before interest, taxes, depreciation, and amortization guidance by
roughly $2.5 million, citing changes
in its promotional activities as well as planned training and brand
building initiatives.
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
July 2017 initial public stock
offering (the "IPO") 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 are a
YogaWorks shareholder and are interested in learning
more about the investigation or your legal rights and remedies,
please contact Jim Baker
(jimb@johnsonfistel.com) at 619-814-4471. If emailing, please
include a phone number.
Additionally, you can [Click here to join this action]. There is
no cost or obligation to you.
About Johnson Fistel,
LLP:
Johnson Fistel, LLP is
a nationally recognized shareholder rights law firm with offices in
California, New York and Georgia. The firm represents individual and
institutional investors in shareholder derivative and securities
class action lawsuits. For more information about the firm and its
attorneys, please visit http://www.johnsonfistel.com. Attorney
advertising. Past results do not guarantee future outcomes.
Contact:
Johnson
Fistel, LLP
Jim Baker,
619-814-4471
jimb@johnsonfistel.com
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SOURCE Johnson Fistel, LLP