NEW YORK, June  24, 2026  (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE:TNC) (&#34;Tennant&#34; or the

Lowey Dannenberg, P.C. is Investigating Tennant (NYSE: TNC) for Potential Violations of the Federal Securities Laws

Tennant ERP-disruption law firm probe weighs on shares

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, June  24, 2026  (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE:TNC) (&amp;#34;Tennant&amp;#34; or the</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Lowey Dannenberg is investigating Tennant for potential securities-law violations related to its ERP rollout disclosures. Tennant disclosed on Feb 24 that the North America ERP project caused a $30 million sales hit and will require more than $20 million in remediation in 2026, up from earlier plans. The stock dropped about 23% the next day, underscoring investor concern about governance and litigation risk.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Law firm investigates Tennant for potential securities-law violations tied to ERP rollout.</li><li>Feb 24 NA ERP disruptions caused about $30M sales loss; remediation &gt;$20M in 2026.</li><li>Stock fell roughly 23% to $63.02 after the news.</li><li>Law firm action adds governance and litigation risk for Tennant investors.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Tennant Company (TNC)</strong>: Subject of law-firm securities-law investigation; potential litigation risk; recent price reaction indicates sensitivity to governance risk.</li><li><strong>Lowey Dannenberg P.C. (N/A)</strong>: Law firm issuing investigation; no direct material company action unless new facts emerge.</li></ul>
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  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. Fits as securities-law investigation reporting; investor focus on litigation risk and potential impact on valuation.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Law-firm investigation may trigger volatility without an actual lawsuit.</li><li>ERP-related cost overruns and potential remediation expenses pressuring cash flow.</li><li>Previous 23% stock drop cited as evidence of governance risk and market sensitivity.</li></ul>
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  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date of investigation announcement: June 24, 2026.</li><li>Feb 24, 2026: Tennant disclosed NA ERP disruptions.</li><li>Impact: approximately $30 million in sales lost; remediation &gt;$20 million in 2026 vs $5 million planned.</li><li>Stock reaction: -$19.28, -23%, from $82.30 to $63.02 on Feb 23-24, 2026.</li></ul>
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  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term overhang from possible securities litigation may pressure TNC shares; watch for filings or settlements in weeks to months.</p>
  </section>
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<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">NEW YORK, June  24, 2026  (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating Tennant Company (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/TNC">TNC</a>) ("Tennant" or the "Company") for potential violations of the federal securities laws.</p>  <p align="justify">On February 24, 2026, Tennant revealed that the rollout of its new ERP system in North America caused severe operational disruptions, including that it was unable to process and ship customer orders following the launch of the system. As a result, Tennant lost roughly $30 million in sales and would need to spend more than $20 million in 2026 to remediate the issues, compared to roughly $5 million the company had planned to spend.</p>  <p align="justify">This revelation came after Tennant repeatedly assured investors that the project was "progressing as we’ve anticipated," was "on time and on budget," and that the launch of the ERP in its Asia-Pacific region had been "successful," with Tennant stating it had "mitigated disruptions and stabilized operations."</p>  <p align="justify">This news caused the price of Tennant stock to drop $19.28 per share, more than 23%, from a closing price of $82.30 per share on February 23, 2026, to $63.02 per share on February 24, 2026.</p>  <p align="justify">If you suffered a loss in Tennant securities, and wish to participate, or learn more about your eligibility, contact our attorneys Andrea Farah (<a href="https://www.globenewswire.com/Tracker?data=86yVPP5si7Qsbfjxpx_7bvN-uYMiLIAhrD3euAdzkTkQso_g4u1LiWsviXINJ1WSVRUunPii89plYVjTMR7P5w34MQQMiBQR6373lF8NOs0=" rel="nofollow" target="_blank">afarah@lowey.com</a>) at (914)733-7256 or Vincent R. Cappucci Jr. (<a href="https://www.globenewswire.com/Tracker?data=3crJsKc58LEDEYvbTF-vyg7n0mBkevrReAPaAqyUfCTCJrAaAc7pTLMexQJYHCZfpxqrGEq9rOgZyZ_5qbdfJD7oL_ID5bYLWsSLpSr2rRY=" rel="nofollow" target="_blank">vcappucci@lowey.com</a>) at (914)733-7278.</p>  <p align="justify"><strong>About Lowey Dannenberg</strong></p>  <p align="justify">Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.</p>  <p><strong>Contact</strong></p>  <p>Lowey Dannenberg P.C.<br></br>44 South Broadway, Suite 1100<br></br>White Plains, NY 10601<br></br>Tel: (914) 733-7256<br></br>Email: investigations@lowey.com</p>  <p><strong>SOURCE:</strong> Lowey Dannenberg</p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTc1MTk0NyM3Njc2Mzc1IzIxOTQ1MzQ="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/NDlkZjE2ZWEtZTZiNi00OTdmLWJhYmYtN2NhNDI3ZDQ5ZmM5LTEyMDYwODctMjAyNi0wNi0yNC1lbg==/tiny/Lowey-Dannenberg-P-C-.png" referrerpolicy="no-referrer-when-downgrade"></img><p><a href="https://www.globenewswire.com/NewsRoom/AttachmentNg/38c8d81f-4a6b-4f23-8411-e6be6a60dda1"><img src="https://ml.globenewswire.com/media/38c8d81f-4a6b-4f23-8411-e6be6a60dda1/small/ld-logo-png.png" border="0" width="150" height="50" alt="Primary Logo"></img></a></p>

Lowey Dannenberg is investigating Tennant for potential securities-law violations related to its ERP rollout disclosures. Tennant disclosed on Feb 24 that the North America ERP project caused a $30 million sales hit and will require more than $20 million in remediation in 2026, up from earlier plans. The stock dropped about 23% the next day, underscoring investor concern about governance and litigation risk.

Lowey Dannenberg, P.C. is Investigating Tennant (NYSE: TNC) for Potential Violations of the Federal Securities Laws

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