NEW YORK,
Dec. 28,
2022 /PRNewswire/ -- The Gross Law Firm issues the
following notice to shareholders of Iris Energy Limited.
Shareholders who purchased shares of IREN during
the class period listed are encouraged to contact the firm
regarding possible lead plaintiff appointment. Appointment as lead
plaintiff is not required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/iris-energy-limited-lawsuit-submission-form/?id=35038&from=4
CLASS PERIOD: This lawsuit is on behalf of
a class consisting of all persons and entities other than
defendants that purchased or otherwise acquired: (a) Iris ordinary
shares pursuant and/or traceable to the documents issued in
connection with the Company's initial public offering conducted on
or about November 17, 2021; and/or
(b) Iris securities between November 17,
2021 and November 1, 2022,
both dates inclusive.
ALLEGATIONS: The complaint alleges that
during the class period, Defendants issued materially false and/or
misleading statements and/or failed to disclose that: (i) certain
of Iris's Bitcoin miners, owned through its
wholly-owned special purpose vehicles, were unlikely to produce
sufficient cash flow to service their respective debt financing
obligations; (ii) accordingly, Iris's use of equipment financing
agreements to procure Bitcoin miners was not as
sustainable as defendants had represented; (iii) the foregoing was
likely to have a material negative impact on the Company's
business, operations, and financial condition; and (iv) as a
result, documents issues in connection with the Company's initial
public offering and defendants' public statements throughout the
class period were materially false and/or misleading and failed to
state information required to be stated therein.
DEADLINE: February 13,
2023 Shareholders should not delay in registering for
this class action. Register your information here:
https://securitiesclasslaw.com/securities/iris-energy-limited-lawsuit-submission-form/?id=35038&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you
register as a shareholder who purchased shares of IREN during the
timeframe listed above, you will be enrolled in a portfolio
monitoring software to provide you with status updates throughout
the lifecycle of the case. The deadline to seek to be a lead
plaintiff is February 13, 2023. There
is no cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is
nationally recognized class action law firm, and our mission is to
protect the rights of all investors who have suffered as a result
of deceit, fraud, and illegal business practices. The Gross Law
Firm is committed to ensuring that companies adhere to responsible
business practices and engage in good corporate citizenship. The
firm seeks recovery on behalf of investors who incurred losses when
false and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm