An investigation was annoucned for investors of Apigee Corp (NASDAQ:APIC) shares over potential securities laws violations by Apigee in connection certain financial statements.
Investors who purchased shares of Apigee Corp (NASDAQ:APIC), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Apigee Corp (NASDAQ:APIC) concerning whether a series of statements by Apigee regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On April 24, 2015, Apigee’s stock traded as high as $20.50, the same day Apigee Corp sold 5.1 million shares of stock in its initial public stock offering (the “IPO”), raising $87 million in new capital.
On September 9, 2015, Apigee Corp announced its fourth quarter results. Apigee Corp reported that its Total Revenue rose from $52.70 million for the 12 months period that ended on July 31, 2014 to $68.61 million for the 12 months period that ended on July 31, 2015 and that its Net Loss for those respective time periods declined from $60.79 million to $50.35 million.
Shares of Apigee Corp (NASDAQ:APIC) closed on February 8, 2016 at $5.99 per share.
Those who purchased shares of Apigee Corp (NASDAQ:APIC) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego