Kaskela Law LLC Announces Class Action

PHILADELPHIA, April 16, 2022 (GLOBE NEWSWIRE) — Investor protection law firm Kaskela Law LLC announces that a class action lawsuit has been filed against Grab Holdings Limited (“Grab Holdings”) (NASDAQ:GRAB) on behalf of investors who have purchased shares of the company’s securities between November 12, 2021 and March 3, 2022inclusive (the “Class Period”).

Seize Holdings Investors With Financial Losses Over $100,000 are encouraged to contact Kaskela Law LLC (Adrienne Bell, Esq.) at (484) 229 – 0750, or by email ([email protected]) or online at https://kaskelalaw.com/cases/grab-holdings-limited/for more information about this action and their legal rights and options.

In December 2021, Grab Holdings went public through a merger with Altimeter Growth Corp. (NASDAQ: AGC), a special purpose acquisition company. As part of the business combination, the company highlighted to investors its dramatic growth in food delivery, digital payments, ride-sharing and financial services through its “SuperApp”.

On March 3, 2022, Grab Holdings shocked investors when it released its first quarterly earnings report as a public company, which included a 44% drop in quarterly revenue from the prior year quarter and a loss of $3.6 billion for fiscal 2021. Following this news, shares of Grab Holdings fell $1.95 per share, or more than 37% in value, to close at $3.28 per share on March 3, 2022.

Kaskela Law LLC exclusively represents investors in state and federal equities nationwide. For more information about the firm, please visit www.kaskelalaw.com.

CONTACT:

D.Seamus Kaskela, Esq.
Adrienne Bell, Esq.
SARL DE LOI KASKELA
18 Campus Blvd., Suite 100
Newtown Square, Pennsylvania 19073
(888) 715-1740
(484) 229 – 0750
www.kaskelalaw.com

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