Thieler Law Corp advises investors with losses exceeding $100,000 of the August 21, 2018 lead plaintiff deadline in a class action lawsuit filed against Restoration Robotics Inc (NASDAQ: HAIR) (“Restoration Robotics” or “the Company”). The suit is pending in the U.S. District Court for the Northern District of California and investors, who purchased Restoration Robotics Inc securities between October 12, 2017, and closing on October 16, 2017 (the "IPO"), have until August 21, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Restoration Robotics Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants negligently issued untrue statements of material facts in, and omitted to state material facts required to be stated from, the Offering Materials issued in connection with the Initial Public Offering. The Complaint further alleges that as a result of the materially misleading Offering Materials, the Company’s stock price was artificially inflated at the time of the IPO.

On October 12, 2017, the Company commenced its initial public offering ("IPO"), selling 3,897,910 shares of common stock priced at $7.00 per share and raising approximately $22.7 million. 

On May 11, 2018, the Company revealed a $20 million Loan and Security Agreement with Solar City Capital Ltd. and Bridge Bank. 

On May 14, 2018, the Company revealed its financial and operating results for the first quarter of 2018, and disclosed that it did "not have sufficient capital to fund its planned operations".

Following this news, NASDAQ: HAIR fell $0.62, or 14.42%, to close at $3.68 on May 15, 2018.

If you were negatively impacted by your investment in Restoration Robotics Inc securities between October 12, 2017, and closing on October 16, 2017 (the "IPO"), and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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