NEW
YORK, Feb. 8, 2023 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Sunlight
Financial Holdings Inc. f/k/a Spartan Acquisition Corp. II.
Shareholders who purchased shares of SUNL during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/sunlight-financial-class-action-loss-submission-form/?id=36292&from=4
CLASS PERIOD: January 25,
2021 to September 28, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose that: (1) the Company lacked
effective underwriting and risk evaluation with respect to its
contractor advance program; (2) Sunlight lacked the oversight and
periodic monitoring systems necessary to timely detect bad debt
associated with its contractor advance program; (3) the Company
lacked effective internal controls over accounting and reporting of
non-cash advance receivables; (4) as a result, the Company would be
forced to take a non-cash advance receivables impairment charge
exceeding $30 million; and (5)
as a result of the foregoing, defendant's positive statements about
the Company's business, operations, and prospects were materially
misleading and/or lacked a reasonable basis.
DEADLINE: February 14, 2023
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/sunlight-financial-class-action-loss-submission-form/?id=36292&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of SUNL during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is February 14, 2023. There is no
cost or obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm