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Alfi, Inc.


A securities class action has been filed against Alfi, Inc. (ALF) on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired: (a) Alfi common stock or warrants pursuant and/or traceable to the Offering Documents (defined below) issued in connection with the Company’s initial public offering conducted on or about May 4, 2021 (the “IPO” or “Offering”); and/or (b) Alfi securities between May 4, 2021 through November 15, 2021.  This case has been filed in the USDC – S.D.FL.

On October 28, 2021, Alfi disclosed in a filing with the U.S. Securities and Exchange Commission that “[o]n October 22, 2021, the Board of Directors (the ‘Board’) of Alfi, Inc. (the ‘Company’) placed each of Paul Pereira, the Company’s President and Chief Executive Officer, Dennis McIntosh, the Company’s Chief Financial Officer and Treasurer, and Charles Pereira, the Company’s Chief Technology Officer, on paid administrative leave and authorized an independent internal investigation regarding certain corporate transactions and other matters.” On this news, Alfi’s stock price fell sharply during intraday trading on October 29, 2021

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Securities