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SHAREHOLDER ACTION REMINDER: The Schall Law Firm Encourages Investors in Alfi, Inc. with Losses of $100,000 to Contact the Firm

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LOS ANGELES, December 03, 2021--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Alfi, Inc. ("Alfi" or "the Company") (NASDAQ: ALF) for violations of the federal securities laws.

Investors who purchased the Company's shares pursuant and/or traceable to the Company’s initial public offering conducted on May 4, 2021 (the "IPO"), or between May 4, 2021 and November 15, 2021, inclusive (the "Class Period"), are encouraged to contact the firm before January 31, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Alfi failed to maintain appropriate internal controls on financial reporting. The Company and its employees engaged in certain transactions without the approval of the Board of Directors. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Alfi, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005554/en/

Contacts

The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

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