Hycroft takes action to protect shareholders against potentially illegal trading activities, hires ShareIntel
HYCROFT TAKES ACTION TO PROTECT SHAREHOLDERS AGAINST POTENTIALLY ILLEGAL TRADING ACTIVITIES
WINNEMUCCA, Nev. , July 13, 2023 /PRNewswire/ — Hycroft Mining Holding Corporation (Nasdaq: HYMC) (“Hycroft” or “the Company”), a gold and silver development company that owns the Hycroft Mine in the prolific mining region of Northern Nevada , announces that it has been working with Shareholder Intelligent Services, LLC (“ShareIntel”) for several months to review the trading of the Company’s common stock in order to track, identify, and monitor for potentially illegal short selling activities and deploy solutions to help combat any such activities.
To date, ShareIntel’s analysis has identified reporting imbalances in Hycroft’s shares which may be the by-product of non-compliant or abusive short selling activity.
Diane Garrett , President and CEO commented, “Based on the findings of ShareIntel’s analysis to date, we are deeply concerned that Hycroft may have been the target of a market manipulation scheme involving illegal short selling. Hycroft’s Board and management are committed to protecting our investors and maximizing shareholder value, and we will take all actions necessary to ensure Hycroft is not the target of market manipulation. We will continue to work with ShareIntel to combat potentially manipulative and egregious illegal short selling and trading activities to help ensure fair market conditions.”
“ShareIntel tracks and monitors critical broker-dealer and shareholder movements”, said David Wenger , President and Chief Executive Officer of ShareIntel. “We look forward to continuing efforts to help Hycroft identify parties to potentially abusive and illegal naked short selling, implement action plans to mitigate such activity and help maximize shareholder ownership transparency.”
About Shareholder Intelligence Services, LLC
Shareholder Intelligence Services, LLC or “ShareIntel”, is a compliance-driven Software-as-a-Service (“SAAS”) provider, retained by public companies to track shareholder ownership, monitor critical broker-dealer and shareholder movement. This process is managed through a proprietary patented web-based application known as the “Data Repository Information Link” system, DRIL-Down™. The ShareIntel solution empowers public companies with unique analytical tools and provides actionable analytic metrics to help identify abusive short selling, coordinate, and monitor for regulatory compliance and provide solutions to the client. For more information: www.shareintel.com
About Hycroft Mining Holding Corporation
Hycroft is a US-based, gold, and silver company developing the Hycroft Mine located in the world-class mining region of Northern Nevada .
Diane R. Garrett ,President & CEO
SOURCE Hycroft Mining Holding Corporation