IMARA, Inc. (IMRA)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of IMARA, Inc. ("IMARA" or "the Company") (NASDAQ: IMRA). The investigation concerns whether IMARA and certain of its officers and/or directors have violated federal securities laws.
On or around March 11, 2020, Imara conducted its initial public offering (“IPO”), selling 4,700,000 shares of common stock priced at $16.00 per share. On March 5, 2021, Imara reported its financial results for the year ended December 31, 2020, which included a net loss of $49.2 million, compared to a net loss of $23.5 million for the prior year. On this news, Imara’s stock price fell $2.34 per share, or 19.01%, to close at $9.97 per share on March 5, 2021. Since the IPO, Imara’s stock price has closed as low as $9.54 per share, representing a decline of over 40% from the offering price.
If you are aware of any facts relating to this investigation, or purchased IMARA shares, you can assist this investigation by visiting contacting the firm. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm’s expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.