Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) resulting from allegations that TriplePoint may have issued materially misleading business information to the investing public.
If you purchased TriplePoint securities and would like to join the prospective action, please click “Join This Class Action.”
On May 2, 2023, the Bear Cave released a report highlighting issues at TriplePoint Venture Growth BDC Corp. alleging that “TriplePoint is encumbered by high fees, weak management, and a weaker loan book saddled by portfolio company bankruptcies and upside-down startups,” and states that “the Bear Cave believes TriplePoint’s equity may be severely impaired, if it has any value at all.”
On this news, TriplePoint’s stock price fell more than 8% in intraday trading on May 2, 2023.
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