LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. (“AvidXchange” or “the Company”) (NASDAQ: AVDX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. AvidXchange conducted its initial public offering (“IPO”) on October 12, 2021, selling 26.4 million shares at $25.00 per share. The Company announced its financial results for the second quarter of 2024 on July 31, 2024. The Company missed consensus estimates for quarterly revenue and revised its fiscal guidance for the full year downwards. Based on this news, shares of AvidXchange fell by more than 29.7% on July 31, 2024.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
