NEW YORK, Oct. 02, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is investigating potential claims against UiPath, Inc. (NYSE: PATH), Schmitt Industries, Inc. (NADSAQ: SMIT), Polished. com, Inc. (NYSEAmerican: POL) and Sotera Health Company (NASDAQ: SHC). Our investigations address whether these companies have violated federal securities laws and/or engaged in other illegal business practices. For more information on each case, see the link provided.

UiPath, Inc. (NYSE: PATH)

On September 6, 2022, UiPath reported second quarter results, including a reduction in its guidance for the year. The company attributed the disappointing news to currency concerns and macroeconomic uncertainties.

Based on this news, UiPath’s stock price fell $2.27 per share, or 14%, to close at $13.84 per share on September 7, 2022.

For more information on the UiPath investigation, see: https://bespc.com/cases/PATH

Schmitt Industries, Inc. (NASDAQ:SMIT)

On September 20, 2022, after market close, Schmitt announced that its prior financial statements “should no longer be relied upon” and would require a revaluation, estimating that “the errors were cumulatively material, resulting in an underestimate of 330,203 $ in expenses for the first three quarters of the fiscal year.”

On the news, Schmitt stock fell $0.68, or 17.9%, to close at $3.12 per share on September 21, 2022, hurting investors.

Further information on the Schmitt examination can be found at: https://bespc.com/cases/SMIT

Polished.com, Inc. (NYSEAmerican: POL)

In July 2020, Polished (then known as 1847 Goedeker Inc.) completed its initial public offering (“IPO”) and sold shares at a price of $9.00 per share.

Then, on August 15, 2022, after the market close, Polished announced on its Form 12b-25 filed with the SEC that as a result it was unable to file its Form 10-Q for the second quarter of its fiscal year 2022 ended August 30, 2022. June 2022 ended to submit in time …