INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Casper Sleep Inc. (CSPR) on Behalf of Investors

Law Offices of Howard G. Smith announces an investigation on behalf of Casper Sleep Inc. ("Casper" or the "Company") (NYSE: CSPR ) investors concerning the Company and its officers possible violations of federal securities laws.

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Monday, June 8, 2020
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Legal, Professional services, Financial markets, Financial economics, Finance, Stock market, Casper Sleep, New York Stock Exchange, Security, Public offering, Initial public offering
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United States, California, PENNSYLVANIA
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Summary
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  • Law Offices of Howard G. Smith announces an investigation on behalf of Casper Sleep Inc. ("Casper" or the "Company") (NYSE: CSPR ) investors concerning the Company and its officers possible violations of federal securities laws.
  • In February 2020, the Company completed its initial public offering (IPO), in which it sold 8.35 million shares of common stock for $12 per share.
  • The Company also stated that Gregory Macfarlane had resigned from his positions as Chief Financial Officer and Chief Operating Officer.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


Law Offices of Howard G. Smith announces an investigation on behalf of Casper Sleep Inc. ("Casper" or the "Company") (NYSE: CSPR) investors concerning the Company and its officers’ possible violations of federal securities laws.

In February 2020, the Company completed its initial public offering (“IPO”), in which it sold 8.35 million shares of common stock for $12 per share.

On April 21, 2020, Casper announced that it was decreasing the size of its global operations and sales team, as well as completely winding down its European operations, amounting to a loss of 21% of its workforce. The Company also stated that Gregory Macfarlane had resigned from his positions as Chief Financial Officer and Chief Operating Officer.

On May 12, 2020, the Company announced its first quarter 2020 financial results, reporting a net loss of $34.5 million (a 98% increase year over year) and an adjusted EBITDA loss of $22.9 million (a 60% increase year over year).

Since the IPO, Casper’s share price has traded as low as $6.37 per share, or about 47% below the $12 IPO price.

If you purchased Casper 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.

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

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