A securities class action has been filed in the USDC — CO. against DMC Global Inc. (BOOM) (“DMC Global”, “DMC” or the “Company”), on behalf of all those that purchased or otherwise acquired DMC Global securities between May 3, 2024 and November 4, 2024, both dates inclusive (the “Class Period”).
DMC Global is now a publicly-traded, diversified industrial company that operates through three main business and reporting segments: (i) Arcadia Products: specializing in architectural building products, including composite decking, railing, and other outdoor living products; (ii) DynaEnergetics: focusing on energy products, particularly in the oil and gas industry, offering perforating systems and other well-completion tools; and (iii) NobelClad: developing and manufacturing explosion-resistant composite metals used in various industries, including oil and gas, marine, and defense.
The complaint alleges Defendants’ statements were materially false and misleading when made because they misrepresented and failed to disclose the following adverse facts about DMC Global’s business, operations, and prospects which were known to Defendants or recklessly disregarded by them:
(1) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that reporting segment;
(2) DMC Global’s materially inadequate internal systems and processes were adversely affecting its operations;
(3) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete;
(4) as a result, Defendants misrepresented DMC Global’s operations, financial results, and outlook; and/or
(5) as a result, the Company’s public statements were materially false, misleading, or lacked a reasonable basis when made, thereby harming investors.
If you purchased DMC Global securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information.”
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Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.