Just a few days after its direct listing, the Chief Financial Officer of Advasa Holdings suddenly resigned; Hagens Berman has launched an investigation.
PR Newswire
1h ago
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Hagens Berman Sobol Shapiro LLP indicates that an investigation is underway into possible securities law violations by Advasa Holdings, Inc (Nasdaq ticker: ADBT). The reason for this investigation is that just two days after the company went public on NASDAQ, its Chief Financial Officer, Katharyn Field, suddenly resigned. The investigation is said to focus on the accuracy of the company's disclosures regarding financial control, internal accounting stability, and operational preparedness.
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San Francisco, October 1st / PRNewswire / -- Hagens Berman Sobol Shapiro LLP is a national law firm specializing in shareholder rights. The firm stated that it is actively investigating potential securities law violations by Advasa Holdings, Inc (Nasdaq ticker: ADBT). This is due to the sudden resignation of the company's Chief Financial Officer just two days after its debut on the public market.

The law firm encourages investors who have suffered significant losses due to Advasa investment to submit their loss details as soon as possible.

Access:www.hbsslaw.com / adbt

Direct contact email:[ email protected ]

Contact Number:844-916-0895

Advasa Holdings ( ADBT ) Investigation:

This investigation focuses on the accuracy of the disclosures made by Advasa and its senior management regarding the company's financial controls, internal accounting stability, and operational preparedness.

Advasa listed its common stocks on the NASDAQ Global Market through a direct listing on August 25, 2026, with the stock code " ADBT ". However, just two days after trading began, on August 27, 2026, the Chief Financial Officer Katharyn Field (who is also the Chief Accountant) suddenly resigned without providing a specific reason, aside from citing "personal reasons".

On September 2, 2026, the company announced that CFO resigned, which caused the stock price of Advasa to fall by $1.96 on that day and another $1.38 the following day; compared to the closing price on September 1, 2026, there was a cumulative decline of $3.34, representing a decrease of 90%.

As of September 14, 2026, since its direct listing, the market value of Advasa has evaporated by approximately $2.9 billion.

"What we are concerned about is the situation behind the resignation of CFO," said Reed Kathrein, a partner who leads the investigation at that firm, Hagens Berman.

If you have invested in Advasa Holdings and suffered significant losses, or if you possess information that could assist in this investigation, please submit your loss details as soon as possible.

Whistleblower:Individuals in possession of non-public information related to Advasa Holdings should consider their options to assist in the investigation or take advantage of the U.S. Securities and Exchange Commission (SEC) Whistleblower Program. Under this new program, whistleblowers who provide original information and ultimately help recover funds, such as in the case of SEC, could receive a maximum reward of 30% of the total amount recovered. For more information, please call Reed Kathrein at 844-916-0895, or send an email to [ email protected ].

About Hagens Berman

Hagens Berman is a global law firm specializing in complex litigation involving plaintiff rights, with a focus on corporate accountability. The firm has a strong practice representing investors, whistleblowers, workers, consumers, and others who have suffered damages due to corporate negligence and other improper conduct, and has achieved tangible results in these cases. The team has secured over $2.9 billion in compensation in this legal field. For more information about the firm and its achievements, please visit hbsslaw.com. Follow the firm's account @ClassActionLaw for updates and news.

Lawyer advertisement.Past results do not guarantee similar outcomes in any future cases.

Contact:Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, [ email protected ]

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