NEW YORK, April 14, 2022 (GLOBE NEWSWIRE) — The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired C3.ai, Inc. (“C3.ai” or the “Company”) (NYSE:AI): (a) common stock pursuant and/or traceable to the Company’s initial public offering (the “IPO” or “Offering”) conducted on or about December 9, 2020; and/or (b) securities between December 9, 2020 and February 15, 2022, inclusive (the “Class Period”). Investors have until May 3, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
C3.ai is an artificial intelligence software company that offers software-as-a-service applications for enterprises in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally.
Pursuant to the IPO, C3.ai issued 15.5 million shares of stock to the public at the price of $42.00 per share for approximate proceeds to the Company of $610 million.
On February 16, 2022, Spruce Point Capital Management issued a report in which it alleged that it had uncovered, inter alia, “[e]vidence …
