Score Media and Gaming Inc. (SCR)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Score Media and Gaming Inc. ("Score" or "the Company") (NASDAQ: SCR). The investigation concerns whether Score and certain of its officers and/or directors have violated federal securities laws.
On or around February 25, 2021, Score conducted its initial public offering (“IPO”), selling 6 million shares of Class A stock priced at $27.00 per share. Then, on July 13, 2021, post-market, Score reported its financial results for the third fiscal quarter of 2021. Among other results, Score reported GAAP earnings per share of -$0.78, missing consensus estimates by $0.48. The Company also reported an EBITDA loss of $21.1 million, compared to a loss of $8.7 million for the same period in the prior year, citing “primarily . . . additional expenses incurred in connection with the ongoing expansion of the Company’s gaming operations as well as costs and professional service fees related to the recently completed U.S. initial public offering.” On this news, Score’s stock price fell $1.75 per share, or 9.86%, to close at $15.99 per share on July 14, 2021.
If you are aware of any facts relating to this investigation, or purchased Score shares, you can assist this investigation. 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.