Paragon 28, Inc.
Company Name | Paragon 28, Inc. |
Stock Symbol | FNA |
On July 30, 2024, after market hours, Paragon disclosed that the Company’s previously issued financial statements from 2023 and 2024 should no longer be relied upon “due to errors in such financial statements” related to “accounting” and would therefore require restatements. Additionally, the Company reported that it had identified “one or more material weaknesses in its internal control over financial reporting.”
On this news, Paragon’s stock price fell $1.24, or 13.7%, to close at $7.79 per share on July 31, 2024, thereby injuring investors.
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