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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ATI Physical Therapy, Inc

Share this article Share this article NEW YORK, July 28, 2021 /PRNewswire/  Pomerantz LLP is investigating claims on behalf of investors of ATI Physical Therapy, Inc. ( ATI or the Company ) (NYSE: ATIP).  Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether ATI and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  On June 16, 2021, ATI completed its business combination with Fortress Value Acquisition Corp. II ( FVAC II ), a special purpose acquisition company. Then, on July 26, 2021, ATI reported its financial results for the second fiscal quarter of 2021. ATI s reported results included net operating revenue of $164.0 million, compared to $149.1 million in the first quarter of 2021. The Company also announced that it was lowering guidance for the balance of the fiscal year. 

This is what the SPAC skeptics have been warning about

This is what the SPAC skeptics have been warning about Special purpose acquisition companies, or SPACs, can offer private companies a path to public markets without the rigorous scrutiny of a traditional initial public offering. Experts caution against deals with unsustainable valuations and questionable disclosures. (Associated Press) Print It’s exactly what skeptics of the boom in special purpose acquisition companies have been warning about. ATI Physical Therapy Inc., in its earnings debut as a public company after a merger with a blank-check firm, revised its revenue projections sharply lower and disclosed larger-than-expected staff turnover. But the surprises went far beyond that.

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