Investigation Overview
October 8, 2020 - The case was voluntarily dismissed.
July 14, 2020 - An investigation on behalf of investors of AgroFresh Solutions, Inc. (NASDAQ: AGFS) shares over potential securities laws violations by AgroFresh Solutions, Inc. and certain of its directors and officers in connection with certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of AgroFresh Solutions, Inc. (NASDAQ: AGFS) concerning whether a series of statements by AgroFresh Solutions, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Philadelphia, PA based AgroFresh Solutions, Inc. provides science-based solutions, data-driven technologies, and services to enhance the quality and extend the shelf life of fresh produce. AgroFresh Solutions, Inc. reported that its annual Total Revenue declined from $178.78 million in 2018 to $170.06 million in 2019, and that its Net Loss increased from $30.06 million in 2018 to $60.83 million in 2019.
Shares of AgroFresh Solutions, Inc. (NASDAQ: AGFS) declined from $8.73 per share in July 2017 to as low as $1.00 per share on March 23, 2020.