TOST ALERT: The Law Offices of Vincent Wong Investigate Toast, Inc. for Potential Violations of Securities Laws

Jul 31, 2023

PR Newswire

NEW YORK, July 31, 2023

NEW YORK, July 31, 2023 /PRNewswire/ -- Attention Toast, Inc. ("Toast") (NYSE: TOST) shareholders:

The Law Offices of Vincent Wong announce that an investigation has commenced into Toast and certain of its officers and directors regarding potential securities fraud. The investigation concerns, in part, the below:

On or around September 22, 2021, Toast conducted its initial public offering ("IPO"), selling over 21.7 million shares priced at $40.00 per share. Then, on February 16, 2023, Toast issued a press release announcing its financial results for the fourth quarter and full year 2022. Among other items, Toast reported earnings per share of -$0.19, missing consensus estimates by $0.01. On this news, Toast's stock price fell $5.93 per share, or 22.84%, to close at $20.03 per share on February 16, 2023. Then, on July 19, 2023, Toast announced the removal of a $0.99 order processing fee from the Company's new version of its digital ordering suite. The processing fee, announced in June 2023, had prompted widespread complaints from restaurant operators. On this news, Toast's stock price fell sharply during intraday trading on July 19, 2023 from $26.76 per share on July 18, 2023 to $22.56.

If you suffered a loss on your investment in Toast, contact us about potential recovery by using the link below. There is no cost or obligation to you.

https://www.wongesq.com/pslra-1/toast-lawsuit-submission-form/?prid=42735&wire=4

Vincent Wong, Esq. is an experienced attorney who has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
E-Mail:[email protected]

View original content:https://www.prnewswire.com/news-releases/tost-alert-the-law-offices-of-vincent-wong-investigate-toast-inc-for-potential-violations-of-securities-laws-301888648.html

SOURCE The Law Offices of Vincent Wong

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