Investors Have the Chance to Join Profound Medical Corp. Fraud Investigation Led by Schall Law Firm

Investors Alert: Join the Investigation into Profound Medical Corp.

The Schall Law Firm, a prominent name in shareholder rights litigation, has announced its investigation into Profound Medical Corp. for possible violations of securities laws. The focus of this investigation centers on claims that the Company may have issued misleading statements, which resulted in significant financial implications for its investors.

Background of the Investigation

On March 7, 2025, Profound Medical made a startling disclosure in an SEC filing. They revealed that a substantial error had been identified, which led to an overstatement of revenue by approximately $472,000 for the first quarter of 2024. This mistake raises serious questions regarding the integrity of their financial reports, as it indicates that all quarterly reports for the initial three quarters of 2024 might no longer hold credibility with investors.

The repercussions of this news were immediate and severe. On the same day that this information was released, shares of Profound Medical experienced a significant drop, declining by 5.9%. This decline suggests that investor confidence was directly impacted, highlighting the importance of transparency and accuracy in reporting.

Understanding Your Rights as an Investor

Shareholders who have faced losses as a result of these misstatements are encouraged to take action. The Schall Law Firm is currently inviting affected individuals to join the investigation to explore their legal options. This could potentially lead to a class-action lawsuit, which would enable investors to seek compensation for their losses and hold the company accountable for their misleading conduct.

If you believe you qualify as an affected shareholder, you may contact Brian Schall for a free consultation. The firm operates from their office located at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, and can be reached by phone at 310-301-3335. Additionally, they offer accessible communication through their official website and email, ensuring that concerned investors can discuss their rights and the next steps effectively.

Schall Law Firm's Commitment

The Schall Law Firm is recognized for its dedication to representing investors worldwide, specializing in securities fraud cases and shareholder rights litigation. Their experienced attorneys are well-versed in navigating the complexities of financial misconduct and are committed to advocating for victims of such discrepancies within corporate governance.

Conclusion

As the investigation into Profound Medical Corp. unfolds, it's crucial for shareholders to stay informed and consider their options carefully. In situations where financial transparency is called into question, taking swift action can be paramount in protecting one’s investment. If you have experienced losses due to Profound’s alleged misstatements, now may be the opportune moment to engage with expert legal guidance and assess your rights. Don't hesitate to connect with the Schall Law Firm today and explore how you can participate in this crucial investigation.

Stay tuned for updates on this investigation as the Schall Law Firm progresses in its efforts to uncover the truth surrounding Profound Medical’s financial disclosures.