Anaergia Inc. Investor Alert: SMK Law and Bates Barristers Provide Update on Class Action Lawsuit

TORONTO--(BUSINESS WIRE)--SMK Law P.C., a Canadian investor rights law firm, and Bates Barristers announce that the statement of claim filed against filed in the proposed class action lawsuit against Anaergia Inc. ("Anaergia" or the "Company") (TSX: ANRG) (OTC: ANRGF) has been amended to reflect the latest developments at the Company.

The claim, which was initially filed on March 27, 2023, seeks certification on behalf of a class consisting of all persons and entities, wherever they may reside or be domiciled, who acquired Anaergia shares: (a) in the company’s June 2021 IPO; (b) in the distribution by the company in April 2022; or (c) on the secondary markets between June 7, 2021, and November 8, 2022. Certain persons are excluded based on their relationship with the defendants.

The claim alleges that throughout the class period, defendants made material misrepresentations regarding the Company's financial condition and prospects. These misrepresentations caused Galaxy shares to be distributed and traded at artificially inflated prices, resulting in signficant damage to investors. Interested parties can access the claim by visiting the SMK Law website.

If you purchased or otherwise acquired Anaergia shares and suffered a loss or would like to learn more about the claim please contact SMK Law by email at [e-mail] or by filling out this contact form.

About SMK Law P.C.

SMK Law P.C. is a Canadian investor rights law firm representing institutional and individual investors. The firm is led by Soheil Karkhanechi who has decades of leadership experience in the securities and asset management industries in Canada and the US.

About Bates Barristers

Paul Bates acts as senior counsel for leading law firms in Canada and England in high-stakes business litigation, class actions, and appeals.