1. ABVE faces securities fraud investigation by The Portnoy Law Firm. 2. Stock price dropped 6.1% after auditor resignation announcement. 3. Fiscal year audit delay caused 43.04% price drop recently. 4. Investors encouraged to pursue claims for losses due to corporate issues.
FAQ
Why Very Bearish?
The ongoing investigation into securities fraud raises serious concerns about ABVE's governance and financial reliability. Historically, companies facing such investigations often see significant stock price declines, as seen with other firms in similar situations, which erodes investor confidence.
How important is it?
The investigation and recent price drops are critical events that can significantly affect investor sentiment and stock valuation for ABVE.
Why Short Term?
The immediate impact of the fraud investigation and stock price drops suggests acute investor concern. Over the long term, recovery is possible if the company addresses these issues effectively.
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LOS ANGELES, Dec. 23, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Above Food Ingredients, Inc., ("Above Food" or the "Company") (NASDAQ:ABVE) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/above-food-ingredients-inc. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.
On December 2, 2025, Above Food disclosed that its auditor had, "upon the request of the Company," resigned in July. On this news, Above Food's stock price fell $0.17, or 6.1%, to close at $2.60 per share on December 2, 2025, thereby injuring investors.
Then, on December 12, 2025, Above Food revealed that "the timetable" of its fiscal year 2025 audit "has been impacted over the past several weeks by unavoidable illness-related resourcing challenges faced by the team" and would not be completed on time. The Company stated that it "has notified Nasdaq accordingly and has applied for the 180-day extension."
On this news, Above Food's stock price fell $1.33, or 43.04%, over two consecutive trading days, to close at $1.76 per share on December 15, 2025, thereby injuring investors further.
The Portnoy Law Firm represents investors in pursuing claims caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA, NY and TX Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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