Brief: VisionWave Holdings Files Complaints with Nasdaq and FINRA Regarding Abnormal Market Activity; Company Engages Multiple Law Firms and Places Market Makers on Notice
05/11/2025 13:35
Nov 5 (Reuters) - VisionWave Holdings Inc VWAV.O: VISIONWAVE HOLDINGS FILES COMPLAINTS WITH NASDAQ AND FINRA REGARDING ABNORMAL MARKET ACTIVITY; COMPANY ENGAGES MULTIPLE LAW FIRMS AND PLACES MARKET MAKERS ON NOTICE VISIONWAVE: ALSO CONFIRMED CO HAS IDENTIFIED THREE MARKET MAKERS APPEARED TO PARTICIPATE IN OBSERVED ACTIVITY AND HAS FORMALLY PLACED EACH ON NOTICE VISIONWAVE HOLDINGS INC: ONE OF FIRMS HAS ALREADY ACKNOWLEDGED RECEIPT AND CONFIRMED IT HAS INITIATED AN INTERNAL INVESTIGATION VISIONWAVE : EXPECTS TO SELECT COUNSEL WITHIN DAYS TO COMMENCE A CIVIL ACTION SEEKING DAMAGES & INJUNCTIVE RELIEF ON BEHALF OF CO AND SHAREHOLDERS VISIONWAVE : BASED ON ITS PRELIMINARY REVIEW, CO ALSO BELIEVES THAT IT MAY HAVE BEEN VICTIM OF ILLEGAL NAKED SHORT SELLING IN ITS STOCK Source text: ID:nGNX5P36rY Further company coverage: VWAV.O ((Reuters.Briefs@thomsonreuters.com;))