Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of USA Technologies Inc (NASDAQ: USAT) violated securities laws in connection with certain financial statements.
The investigation seeks to discover if possible claims on behalf of purchasers of the securities of USA Technologies Inc (NASDAQ: USAT) concerning whether a series of statements by USA Technologies Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 11, 2018 the Company revealed that it will not file its Annual Report on Form 10-K for the fiscal year ended June 30, 2018 by the September 13, 2018 due date. USA Technologies will file a Form 12b-25, Notification of Late Filing, with the Securities and Exchange Commission to provide it with a 15 calendar day extension within which to file the Annual Report. The delay was due to an investigation by the Company's Audit Committee relating to certain of the Company's contractual arrangements, including the accounting treatment, financial reporting and internal controls related to such arrangements.
On this news, NASDAQ: USAT fell sharply on September 11, 2018.
Based in Malvern, Pennsylvania, and founded in 1992 USA Technologies Inc provides wireless networking, cashless transactions, asset monitoring, and other value-added services in the United States and internationally.
If you purchased shares of USA Technologies Inc (NASDAQ: USAT) on or before September 11, 2018, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.
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