NEW
YORK, Jan. 25, 2023 /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=35884&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=35884&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