Consensus Cloud Solutions, Inc.

Background

Company Name	Consensus Cloud Solutions, Inc.
Stock Symbol	CCSI
Status	1

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If you suffered a loss on your Consensus Cloud Solutions, Inc. investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below. Please note that submission of this form does not by itself form an attorney-client relationship nor does filling out this form mean you have joined any lawsuit.

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Additional Comments

Background

On February 22, 2023, after trading hours, Consensus Cloud disclosed that it would restate its third quarter 2022 financial results, reducing revenue by $4.1 million and net income by $1.7 million. The restatement resulted from errors related to an accounting practice “inherited from the spin transaction in its SoHo business” as well as the timing of revenue that “the Company has concluded should be reclassified as deferred revenue.”

On this news, the Company’s stock price fell $12.58, or 21.1%, to close at $46.92 per share on February 23, 2023, thereby injuring investors.

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