Nano-X Shares Fall As SEC Probes Into Violation Of Securities Laws

  • Nano-X Imaging Ltd NNOX revealed an investigation by the U.S. Securities & Exchange Commission (SEC) into the potential violation of federal securities laws.
  • In the regulatory filing submitted with its Q3 2021 financials, Nano-X disclosed that the SEC’s Division of Enforcement notified the Company about the ongoing investigation. 
  • The Company added that it had provided the agency with necessary documents and information.
  • Meanwhile, Nano-X has also received a subpoena from the SEC for documents and information regarding the development of Nanox.ARC prototypes and the cost estimates for assembly of final Nanox.ARC product at scale.
  • Related: Nano-X Imaging Announces Two Acquisitions; Management Reshuffle.
  • Price Action: NNOX shares are down 8.20% at $19.96 during the market session on the last check Wednesday.
Posted In: NewsShort IdeasHealth CareSmall CapLegalMoversTrading IdeasGeneralBriefswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!