Genius Brands International Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Consumer Discretionary : Leisure Products | Small Cap Value
Company profile

Genius Brands International, Inc. is a global kids media company developing, producing, marketing and licensing branded children's entertainment properties and consumer products for media and retail distribution. It principally operates in two business segments: the Content Production & Distribution Segment, which produces and distributes children's content; and the Media Advisory & Advertising Services Segment, which provides media and advertising services. Its portfolio of original content includes Shaq's Garage, Superhero Kindergarten, KC! Pop Quiz, Rainbow Rangers, Llama Llama, SpacePop, Thomas Edison's Secret Lab and Warren Buffett's Secret Millionaire's Club. Its licensed content includes Kartoon Channel!, a digital family entertainment destination, which features animated classics for little kids, including The Wubbulous World of Dr. Seuss, Babar, Mello Dees, Super Simple Songs, and Baby Genius, and content for bigger kids, such as Pac-Man, Angry Birds, Yu-Gi-Oh, and Bakugan.

Postmarket

Last Trade
Delayed
$0.7499
0.003 (0.40%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$0.7469
Day's Change
-0.035 (-4.48%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
0.8375
Day's Low
0.73
Volume
(Heavy Day)
Volume:
35,690,350

10-day average volume:
2,766,049
35,690,350

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Arqit Quantum Inc. f/k/a Centricus Acquisition Corp. - ARQQ

5:55 pm ET May 19, 2022 (Newsfile) Print

New York, New York--(Newsfile Corp. - May 19, 2022) - Pomerantz LLP is investigating claims on behalf of investors of Arqit Quantum Inc. (f/k/a Centricus Acquisition Corp.) ("Arqit" or the "Company") (NASDAQ: ARQQ). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Arqit and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On April 18, 2022, The Wall Street Journal published a story entitled: "British Encryption Startup Arqit Overstates Its Prospects, Former Staff and Others Say." The Wall Street Journal reported, among other things, that "Arqit has given investors an overly optimistic view of its future revenue and the readiness and workability of its signature encryption system", citing "former employees and other people familiar with the company, and documents viewed." Specifically, "people familiar with the matter said that the bulk of [Arqit's] committed revenue isn't from selling its product and that at its public launch, [Arqit] had little more than an early-stage prototype of its encryption system. Several clients [Arqit] lists-including a number of British government agencies-are simply giving Arqit research grants, nonbinding memorandums of understanding or research agreements that come with no funding, not contracts for its encryption product, they said." The article also reported that "[i]n April 2021, Arqit's chief revenue officer resigned after raising concerns with [Arqit's CEO] that he was overstating contracts and giving unrealistic revenue projections to potential investors".

On this news, Arqit's stock price fell $4.61 per share, or 30.61%, over the following two trading sessions, to close at $10.45 per share on April 19, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:

Robert S. Willoughby

Pomerantz LLP

rswilloughby@pomlaw.com

888-476-6529 ext. 7980

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/124725

comtex tracking

COMTEX_407475814/2523/2022-05-19T17:55:21

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