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Short Seller Report

All articles tagged with #short seller report

business5 months ago

SoFi Pushes Back on Muddy Waters Report, Signals Possible Legal Action

SoFi Technologies issued a statement denouncing Muddy Waters' short-seller report as inaccurate and misleading and said it may pursue legal action. The company defends its GAAP-compliant financial reporting and regulatory status as a bank holding company overseen by the Federal Reserve and OCC, while accusing Muddy Waters of aiming to depress share value for short-selling profits. The release frames the report as investor deception and reaffirms SoFi’s commitment to transparency and shareholder value.

via SoFi|
#business#gaap#muddy-waters
Adani Group firms to raise $2.57B from market.
business3 years ago

Adani Group firms to raise $2.57B from market.

Adani Transmission and Adani Enterprise, two companies under the Adani Group, plan to raise up to $2.57 billion from the stock market through selling equity shares via qualified institutional placements or other permissible modes. This comes months after a short-seller report battered investor confidence and drove share prices down. Adani Green Energy Ltd, which was also expected to announce similar funding plans, rescheduled its board meeting to May 24.

via CNBC|
#adani-group#business#fundraising
The Rise and Fall of Carl Icahn's Enterprises.
finance3 years ago

The Rise and Fall of Carl Icahn's Enterprises.

Icahn Enterprises has lost $7.5 billion in value since a short-seller report alleged the company was overvalued, over-leveraged, and overstated the value of its holdings. Shares in Icahn have declined more than 40% since the report was published. The company has pushed back its quarterly earnings call to May 10 and maintains that it stands by its public disclosures.

via The Wall Street Journal|
#carl-icahn#finance#icahn-enterprises
Icahn Enterprises' $2/unit distribution and liquidity status amidst criticism and stock drop.
business3 years ago

Icahn Enterprises' $2/unit distribution and liquidity status amidst criticism and stock drop.

Icahn Enterprises will declare a distribution of $2 per unit for the quarter ended March 31, and activist investor Carl Icahn said the company does not face liquidity problems. The company has lost about 36% of its value and some $6.5 billion of market cap as of Thursday after a short-seller report. Icahn reassured long-term unitholders that the market disruption caused by the report does not affect IEP’s liquidity.

via MarketWatch|
#business#carl-icahn#distribution