San Diego, CA — 02/21/2018 — Adomani Inc is under investigation over possible securities laws violations in connection with certain statements made by Adomani Inc.
The investigation by a law firm focuses on whether a series of statements by Adomani Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Corona, CA based Adomani, Inc. is engaged in designing, manufacturing and installing electric and hybrid drivetrain systems for use in new school buses and medium to heavy-duty commercial fleet vehicles. Adomani Inc went public in June 2017 and shares of Adomani Inc (NASDAQ: ADOM) reached $18.31 per share in July 2017.
On February 20, 2018, NASDAQ: ADOM shares closed at $1.36 per share.
Those who purchased shares of Adomani Inc (NASDAQ:ADOM) have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North – Suite 423
92108 San Diego