|Company Name||IonQ, Inc.|
On May 3, 2022, Scorpion Capital released a research report alleging, among other things, that IonQ is a “scam built on phony statements about nearly all key aspects of the technology and business.” It further claimed that the Company’ reported “[f]ictitious ‘revenue’ via sham transactions and related-party round-tripping.”
On this news, IonQ’s stock fell $0.71, or 9%, to close at $7.15 per share on May 3, 2022, thereby injuring investors.
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