26 Capital Acquisition Equity Warrant Exp 31 Dec 2027 *W EXP 12/31/2027
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Company profile

26 Capital Acquisition Corp. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, it intends to focus on industries that align with the background of its sponsor and management. These industries include the gaming and gaming technology, branded consumer, lodging and entertainment, and Internet commerce sectors, which the Company refers to as its targeted sectors. The Company has not commenced any business operations and has not generated any revenue.

Closing Price
$0.0799
Day's Change
-0.0701 (-46.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.101
Day's Low
0.045
Volume
(Heavy Day)
Volume:
138,416

10-day average volume:
93,729
138,416

Palantir Technologies Inc. (PLTR) Investigation: Robbins LLP is Investigating Palantir Technologies Inc. (PLTR) on Behalf of Shareholders

7:13 pm ET November 29, 2022 (Globe Newswire) Print
Palantir Technologies Inc. (PLTR) Investigation: Robbins LLP is Investigating Palantir Technologies Inc. (PLTR) on Behalf of ShareholdersGlobeNewswireNovember 30, 2022

SAN DIEGO, Nov. 29, 2022 (GLOBE NEWSWIRE) --

The Class: Shareholder rights law firm Robbins LLP is investigating the officers and directors of of Palantir Technologies Inc. (NYSE: PLTR) and its officers and directors to determine whether they breached fiduciary duties or violated securities laws. Palantir builds and deploys software platforms to assist the U.S. intelligence community in counterterrorism investigations and operations.

If you would like more information about our investigation of Palantir Technology Inc.'s misconduct, click here.

What is this Case About: Palantir Technologies Inc. (PLTR) Mislead Investors Regarding its Financial Prospects

According to a class action complaint filed against Palantir, between November 9, 2021 and May 6, 2022, defendants failed to disclose that Palantir's investments in marketable securities were having a significant negative impact on the Company's earnings per share ("EPS") results; (ii) Palantir overstated the sustainability of its government segment's growth and revenues; and (iii) Palantir was experiencing a significant slowdown in revenue growth, particularly among its government customers. As a result, Palantir was likely to and did miss consensus estimates for its first quarter 2022 ("Q1") EPS and second quarter 2022 ("Q2") sales outlook.

On May 9, 2022, Palantir issued a press release announcing its Q1 financial results and guidance for Q2. For Q1, Palantir announced adjusted EPS of $0.02, compared to analyst estimates of $0.04 per share, noting on a conference call that the "[f]irst quarter adjusted [EPS of] $0.02 . . . includes a negative $0.02 impact driven primarily by unrealized losses on marketable securities." The Company also disclosed that government revenue grew by only 16% year-over-year for Q1, representing a significant slowdown in revenue growth compared to prior quarters, and that, for Q2, the Company expected $470 million in sales, compared to estimates of $483.76 million. On this news, Palantir's stock price fell $2.02 per share, or over 21%, to close at $7.46 per share on May 9, 2022.

Next Steps: If you own shares of Palantir Technologies Inc. you have legal options. Please contact Robbins LLP for more information about your rights as a stockholder.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Contact us to learn more:

Aaron Dumas

(800) 350-6003

adumas@robbinsllp.com

Shareholder Information Form

About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002. To be notified if a class action against Palantir Technologies Inc. settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:

Aaron Dumas

Robbins LLP

5040 Shoreham Place

San Diego, CA 92122

adumas@robbinsllp.com

(800) 350-6003

www.robbinsllp.com

https://www.facebook.com/RobbinsLLP/

https://www.linkedin.com/company/robbins-llp/


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