NioCorp Developments Ltd. press release

CLASS ACTION UPDATE for TLS, ASTR and GATO: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders

2022-02-28

NASDAQ - Nasdaq Stock Market · Niobium · Scandium · Titanium · Rare Earth Elements · United States

NEW YORK, NY / ACCESSWIRE / February 28, 2022 /Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court. Further details about the cases can be found at the links provided. There is no cost or obligation to you.

TLS Shareholders Click Here: https://www.zlk.com/pslra-1/telos-corporation-loss-submission-form?prid=24125&wire=1 ASTR Shareholders Click Here: https://www.zlk.com/pslra-1/astra-space-inc-f-k-a-holicity-inc-loss-submission-form?prid=24125&wire=1 GATO Shareholders Click Here: https://www.zlk.com/pslra-1/gatos-silver-inc-loss-submission-form?prid=24125&wire=1

ADDITIONAL INFORMATION BELOW

Telos Corporation (NASDAQ:TLS)

TLS Lawsuit on behalf of:investors who purchased November 19, 2020 - November 12, 2021 Lead Plaintiff Deadline : April 8, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/telos-corporation-loss-submission-form?prid=24125&wire=1

According to the filed complaint, during the class period, Telos Corporation made materially false and/or misleading statements and/or failed to disclose that: (1) the Transportation Security Administration ("TSA") and Centers for Medicare and Medicaid Services ("CMS") contracts, which constituted a majority of the Company's future revenues, were not on track to commence as represented at the end of 2021 and in 2022; (2) Defendants lacked a reasonable basis and sufficient visibility to provide and affirm the Company's 2021 guidance in the face of the uncertainty surrounding the TSA and CMS contracts; (3) COVID-19- and hacking scandal-related headwinds were throwing off the timing for performance of the TSA and CMS contracts and their associated revenues; (4) as a result, the guidance provided by Defendants was not in fact "conservative"; (5) as a result of the delays, Telos would be forced to dramatically reduce its revenue estimates; and (6) as a result of the foregoing, Defendants' statements about Telos' business, operations, and prospects, were materially false and/or misleading and/or lacked a reasonable basis.

Astra Space Inc. f/k/a Holicity Inc. (NASDAQ:ASTR)

ASTR Lawsuit on behalf of:investors who purchased February 2, 2021 - December 29, 2021 Lead Plaintiff Deadline : April 11, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/astra-space-inc-f-k-a-holicity-inc-loss-submission-form?prid=24125&wire=1

According to the filed complaint, during the class period, Astra Space Inc. f/k/a Holicity Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) Astra cannot launch "anywhere"; (2) Astra significantly overstated its addressable market; (3) Astra overstated the effectiveness of its designs and reliability; (4) Astra significantly overstated its plans for diversification and its broadband constellation plan; and (5) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Gatos Silver, Inc. (NYSE:GATO)

This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Gatos: (a) common stock pursuant and/or traceable to documents issued in connection with the Company's initial public offering conducted on or about October 28, 2020; and/or (b) securities between October 28, 2020 and January 25, 2022, inclusive. Lead Plaintiff Deadline : April 25, 2022 TO LEARN MORE, VISIT: https://www.zlk.com/pslra-1/gatos-silver-inc-loss-submission-form?prid=24125&wire=1

According to the filed complaint, (1) the technical report for Gatos's primary mine, the Cerro Los Gatos deposit, contained certain errors; (2) among other things, the mineral reserves had been overestimated by as much as 50%; and (3) as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

You have until the lead plaintiff deadlines to request that the court appoint you as lead plaintiff.Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. Eduard Korsinsky, Esq. 55 Broadway, 10th Floor New York, NY 10006 jlevi@levikorsinsky.com Tel: (212) 363-7500 Fax: (212) 363-7171 www.zlk.com

SOURCE: Levi & Korsinsky, LLP

View source version on accesswire.com: https://www.accesswire.com/690710/CLASS-ACTION-UPDATE-for-TLS-ASTR-and-GATO-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders