According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:

• Enservco had defective disclosure controls and procedures and internal control over financial reporting;
• as a result, there were errors in Enservco’s financial statements relating to, inter alia, its transactions with Cross River Partners and accounting for Employee Retention Credits (“ERCs”);
• accordingly, the Company would need to restate certain of its financial statements and delay the filing of its 2021 annual report with the U.S. Securities and Exchange Commission (“SEC”);
• the Company downplayed the true scope and severity of its financial reporting issues;
• accordingly, the Company could not file its delayed 2021 annual report with the SEC within its initially represented timeline; and
• as a result, the Company’s public statements were materially false and misleading at all relevant times.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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