Shareholder Alert: Robbins LLP Informs Shareholders of Class Action Filed Against Holley Inc. (HLLY) f/k/a Empower Ltd.

Grand News Network | November 7, 2023

SAN DIEGO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action lawsuit on behalf of persons who purchased or otherwise acquired Holley Inc. (NYSE:HLLY) securities between July 21, 2021 and February 6, 2023. On July 16, 2021, Empower, a special purpose acquisition corporation, completed a business combination with Holley Intermediate Holdings, Inc., a privately held company, and began trading as Holley Inc. Holley designs, manufactures, and distributes performance automotive products to customers primarily in the United States, Canada, and Europe.

For more information, submit a form, email Aaron Dumas, Jr., or give us a call at (800) 350-6003.

What is this Case About: Holley Inc. (HLLY) f/k/a Empower Ltd. (EMPW) Misled Investors Regarding its Ability to Integrate Acquisitions and Achieve Cost Synergies

According to the complaint, during the class period, defendants made false and misleading statements. Plaintiffs allege that defendants touted to investors that Holley was well-prepared to weather an economic downturn thanks to sticky demand from car and truck ...

Full story available on Benzinga.com


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