LOS ANGELES, Nov. 15, 2022 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of what’s to come December 30, 2022 Deadline for filing a motion by lead plaintiff in the class action lawsuit filed on behalf of investors, Polished.com Inc. f/k/a 1847 Goedeker Inc. (“Polished” or the “Company”) (NYSE: POLE) Securities: (a) pursuant to and/or traceable to the registration statement and related prospectus issued in connection with the Company’s 2020 IPO (the “IPO” or the “Offering”); and/or (b) between July 27, 2020 and August 25, 2022inclusive (the “Class Period”).

If you have suffered a loss on your investments in Polished or would like to inquire about potential claims to recover your loss under the federal securities laws, you may submit your contact information at www.glancylaw.com/cases/polishcom-inc/. You can also contact GPM’s Charles H. Linehan at 310-201-9150, toll free at 888-773-9224, or email at [email protected] to learn more about your rights.

On or about July 27, 2020, the Company completed its IPO and issued approximately 1,111,200 shares at $9.00 per share.

On March 29, 2021, after the market closed, Polished announced that its financial statements for fiscal 2019 and periodic reports for fiscal 2020 were no longer reliable due to a recent U.S. Supreme Court ruling regarding sales tax for online sellers should be. As a result of this news, the company’s share price fell $0.37, or 4%, to close at $8.63 per share on March 30, 2021.

Then, on August 15, 2022, after the market closed, Polished announced that it was unable to timely file its second quarter 2022 report due to an ongoing investigation into “certain allegations by certain former employees related to the Company’s operations.” . As a result of this news, the company’s stock fell $0.54, or 35.8%, to close at $0.97 per share on August 16, 2022, hurting investors.

Then,…