RM LAW, P.C. is investigating potential claims against the board of directors of ATI Physical Therapy, Inc., Inc. ("ATI" or the "Company") (NYSE: ATIP) investors concerning the Company’s possible violations of the federal securities laws.
If you own shares of ATI and would like to learn more about this class action or if you wish to discuss these matters and have any questions concerning this announcement or your rights, contact Richard A. Maniskas, Esquire toll-free at (844) 291-9299 or to sign up online, click here. You may also email Mr. Maniskas at firstname.lastname@example.org.
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.
On this news, ATI's stock price fell $3.62 per share, or 43.41%, to close at $4.72 per share on July 26, 2021.