Investigation Overview
An investigation on behalf of investors in shares of AquaBounty Technologies, Inc. (NASDAQ: AQB) was announced over potential breaches of fiduciary duties by certain officers and directors at AquaBounty Technologies, Inc.
The investigation by a law firm concerns whether certain AquaBounty Technologies, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
Maynard, MA based AquaBounty Technologies, Inc. develops and markets products to enhance productivity in land-based aquaculture. AquaBounty Technologies, Inc. reported that its annual Total Revenue rose from $84.51 million in 2018 to $186.73 million in 2019, and that its Net Loss increased from $10.38 million in 2018 to $13.22 million in 2019.
Shares of AquaBounty Technologies, Inc. (NASDAQ: AQB) declined from $13.32 per share in January 2021 to as low as $6.41 per share on March 3, 2021.