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PaySign, Inc.

Company NamePaySign, Inc.
Stock SymbolPAYS
Class PeriodMarch 12, 2019 to March 15, 2020
Lead Plaintiff Motion DeadlineMay 18, 2020

On March 16, 2020, PaySign delayed the filing of its annual report for the fiscal year ended December 31, 2019 due to an ongoing audit. The Company also disclosed that “management identified material weaknesses related to (i) assessment of internal controls over financial reporting and (ii) information technology general controls.”

On this news, the Company’s share price fell $0.93, or nearly 17%, to close at $4.59 per share on March 16, 2020, thereby injuring investors.

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