STAG Industrial Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

STAG Industrial, Inc. is a real estate investment trust (REIT). The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company is structured as an umbrella partnership REIT (UPREIT), and owns all its assets and conducts its business through its operating partnership, STAG Industrial Operating Partnership, L.P. The Company's portfolio includes buildings in states with rentable, consisting of warehouse/distribution buildings, light manufacturing buildings, and flex/office buildings. It also owns both single- and multi-tenant properties. Its buildings in its portfolio are located in markets throughout the United States.

Closing Price
$43.59
Day's Change
-0.36 (-0.82%)
Bid
--
Ask
--
B/A Size
--
Day's High
43.92
Day's Low
42.93
Volume
(Average)
Volume:
1,106,690

10-day average volume:
1,028,209
1,106,690

The Law Offices of Frank R. Cruz Announces Investigation of Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. (PKKFF, TNT) on Behalf of Investors

11:35 am ET December 1, 2021 (BusinessWire) Print

The Law Offices of Frank R. Cruz announces an investigation of Tenet Fintech Group Inc. f/k/a Peak Fintech Group Inc. ("Tenet" or the "Company") (OTC: PKKFF, NASDAQ: TNT) on behalf of investors concerning the Company's possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On September 28, 2021, Tenet withdrew its Form 40-F for the period ended December 31, 2019 "while it works to comply with recent disclosure guidance provided by the SEC for companies either based in China or with the majority of their operations in China."

On this news, the Company's shares were delisted from NASDAQ and began trading over-the-counter - the price fell $1.59, or over 17%, from closing at $9.09 on September 20, 2021 to open at $7.50 per share on September 30, 2021.

Then on October 4, 2021, Grizzly Research published a report alleging that the acquisition of Heartbeat Insurance Platform, a Chinese insurance product management and brokerage platform, was rife with factual inaccuracies and suspicious transactions. The report also refuted the Company's claim that it owns 51% of Asia Synergy Financial Capital Ltd. ("ASFC") through its wholly-owned subsidiary and alleged that its acquisition of Cubeler Inc. "evidence[d] self-dealing."

On this news, the Company's stock price fell $1.31 per share, or 17.4%, to close at $6.19 per share on October 4, 2021, thereby injuring investors.

Then, on October 13, 2021, Grizzly Research published another report, rebutting the Company's response to the original report. Among other things, this report presented evidence suggesting that ASFC was an undisclosed related party transaction.

On this news, the Company's share price fell $0.57, or 6%, to close at $7.98 per share on October 13, 2021.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Tenet securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005210/en/

SOURCE: The Law Offices of Frank R. Cruz">

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com 
www.frankcruzlaw.com
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COMTEX_398093672/1006/2021-12-01T11:35:00

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