Aug. 7 at 3:34 PM
$ITHUF agreed to settle
$2.9M with investors to end claims related to misleading about its ability to pay its interest obligations under various debenture agreements. And even if you missed the deadline, you can still file a late claim: https://11thestate.com/cases/ianthus-shareholder-settlement
FAQ for the settlement:
1. Do you need to sell/lose my shares to get this settlement? - No, if you have purchased during the class period, you are eligible.
2. How much money do I get per share? - The average sum is
$0.07 per share, but usually, only 25% of all shareholders claim it, so you can get 4x more than this.
3. Who can claim this settlement? - All persons and entities who purchased or otherwise acquired iAnthus securities between May 14, 2018, and July 10, 2020.
4. How long does the payout process take? - The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.
To file a late claim: https://11thestate.com/cases/ianthus-shareholder-settlement