|Company Name||PaySign, Inc.|
|Class Period||March 12, 2019 to March 15, 2020|
|Lead Plaintiff Motion Deadline||May 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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