#None #Alarum Technologies #Nasdaq ALAR #Console Associates

Investigation of Alarum Technologies Ltd.

Recent developments have seen Console & Associates, P.C., a prominent law firm, embark on an investigation concerning potential claims against Alarum Technologies Ltd., listed on NASDAQ as ALAR. This inquiry comes in response to concerns raised by investors who acquired shares in Alarum between March 14, 2024, and August 26, 2024, during which the company allegedly misled them regarding its financial status.

Background of the Case

Alarum Technologies Ltd. specializes in providing internet access and web data collection solutions. Despite its promising portfolio, the company is currently under scrutiny for purported violations of federal securities laws. Central to these allegations are claims that the firm, alongside several of its executives, made false and misleading statements that misrepresented the company's financial health and future revenue potential.

Specifically, it has been alleged that Alarum failed to inform investors about significant difficulties in retaining and expanding its customer base, which, in turn, impacted its ability to achieve consistent revenue growth. As a consequence, the optimistic projections communicated to shareholders were reportedly overstated.

The situation escalated when, on August 26, 2024, Alarum Technologies disclosed a forecast for third-quarter revenues significantly lower than market expectations, predicting only $7 million compared to an anticipated $9.2 million. The company's CEO, Shachar Daniel, attributed this disappointing forecast to a decline in consumer spending, which began in June 2024. Following this announcement, Alarum's stock price fell sharply, experiencing a plunge of more than 31%.

Protecting Investor Rights

Console & Associates, P.C. is determined to safeguard the rights of investors affected by such corporate misconduct. The firm's securities attorneys are committed to pursuing compensation for shareholders who have experienced losses as a result of these misleading actions.

Investors who purchased shares of Alarum Technologies during the specified period are now encouraged to reach out to Console & Associates to evaluate their legal options. Importantly, the law firm operates on a contingent fee basis for securities class action cases. This means that shareholders will not incur any costs unless the firm successfully recovers funds on their behalf.

How Affected Investors Can Respond

Individuals who believe they may have a potential claim against Alarum Technologies, due to losses sustained between March 14, 2024, and August 26, 2024, should not hesitate to seek assistance. Console & Associates offers a secure online form for potential claims, ensuring confidentiality and protection of their interests.

As the investigation unfolds, the potential for legal action grows, highlighting the importance of investor awareness and the realities of corporate accountability. Shareholders are advised to remain informed and proactive in addressing any issues related to their investments in Alarum Technologies.

In conclusion, the ongoing scrutiny of Alarum Technologies Ltd. serves as a crucial reminder of the need for transparency in corporate communications, particularly regarding financial health and business prospects. The ramifications of failing to uphold these standards can be substantial, impacting both the company and its investors alike.

Contact Information

For those interested in discussing their situation further, Console & Associates, P.C. can be reached at 866-778-5500 or via email at [email protected]. Those looking to understand their legal rights in this matter are urged to act promptly, as time-sensitive actions may be necessary to preserve their claims.