Levi & Korsinsky notifies investors that it has commenced an investigation into Lesaka Technologies, Inc. (NASDAQ: LSAK) concerning potential violations of the federal securities laws.
Lesaka disclosed in a filing on September 10, 2025, with the U.S. Securities and Exchange Commission ("SEC") that the Audit Committee of its Board of Directors had "concluded that the Company's unaudited condensed consolidated financial statements for the quarters ended September 30, 2024, December 31, 2024, and March 31, 2025, respectively, included in the Company's Quarterly Reports on Form 10-Q for the quarters ended September 30, 2024, December 31, 2024, and March 31, 2025, respectively (the "Quarterly Reports"), should be restated, and that such unaudited condensed financial statements should no longer be relied upon, due to the Company's re-evaluation of the classification of certain revenue that has been reported as an agent rather than as principal, and related cost of goods sold." Following this news, Lesaka's stock price fell sharply during intraday trading on September 11, 2025.
If you suffered a loss on your Lesaka Technologies, Inc. securities and would like to explore a potential recovery under the federal securities laws, submit to us or contact Joseph E. Levi, Esq. via email at [email protected] or call 212-363-7500 to speak to our team of experienced shareholder advocates.
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