NASDAQ: SCR

Score Media and Gaming Inc.

Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Score Media and Gaming Inc. (NASDAQ: SCR) resulting from allegations that theScore may have issued materially misleading business information to the investing public.

If you purchased theScore securities and would like to join the prospective action, please click “Join This Class Action.”

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If you purchased theScore securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of investigation:

theScore conducted its initial public offering on or around February 25, 2021, selling 6 million shares of Class A stock priced at $27.00 per share.

Then, on July 13, 2021, post-market, theScore reported its financial results for its third fiscal quarter of 2021. theScore reported GAAP earnings per share of -$0.78, missing consensus estimates by $0.48, among other results. theScore also reported an EBITDA loss of $21.1 million, in comparison with a loss of $8.7 million for the same period in the prior year, citing “primarily … additional expenses incurred in connection with the ongoing expansion of the Company’s gaming operations as well as costs and professional service fees related to the recently completed U.S. initial public offering.”

On this news, theScore’s shares fell $1.75 per share, or 9%, to close at $15.99 per share on July 14, 2021, damaging investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: Score Media and Gaming Inc.
Stock Symbol: SCR
Class Period: N/A
Court: N/A
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