NEW YORK, Sept. 06, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits may be filed on behalf of shareholders of Weber, Inc. (NYSE: WEBR ), Coinbase Global, Inc. (NASDAQ: COIN), Carvana Co. (NYSE: CVNA) and Kiromic BioPharma, Inc. (NASDAQ: KRBP). Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

Weber, Inc. (NYSE:WEBR)

Collection Period: As per the Company’s IPO on August 6, 2021

Lead Plaintiff Deadline: September 27, 2022

On or about August 6, 2021, Weber completed its initial public offering, selling approximately 17,857,143 Class A common shares at a price of $14.00 per share.

On July 25, 2022, prior to market open, Weber reported its preliminary financial results for the third quarter of 2022, including net sales of between $525 million and $530 million. Expecting a net loss, the company noted that “[p]Profitability was negatively impacted by “several factors, including “promotional activities to improve retail sales.” Additionally, Weber announced that Chris Scherzinger was “leaving” his roles as the company’s chief executive officer and director.

As a result of this news, the company’s share price fell $1.21 per share, or 16%, due to unusually high trading volume, to close at $6.30 per share on July 25, 2022.

At the start of this move, the company’s stock was trading at $6.25 per share, down almost 55% from its IPO price of $14 per share.

The complaint filed in this class action alleges that the registration statement made materially false and/or misleading statements and failed to disclose material adverse facts about the company’s business, operations and prospects. In particular, the defendants failed to disclose to investors: (1) that Weber was reasonably likely to impose price increases; (2) that…