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NEW YORK, Nov. 08, 2022 (GLOBE NEWSWIRE) — Bernstein Liebhard LLP, a nationally recognized investor rights law firm, is reminding investors of the deadline for filing a motion by lead plaintiff in a securities class action lawsuit filed on behalf of investors who have purchased or otherwise acquired securities of Polished.com Inc. f/k/a Goedeker Inc. (“Polished”, “Goedeker” or the “Company”): (i) pursuant to and/or traceable to the Registration Statement and therewith related prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s 2020 IPO (the “IPO” or the “Offering”); and/or (ii) between July 27, 2020 and August 25, 2022 inclusive (the “Collection Period”). The lawsuit was filed in the United States District Court for the Eastern District of New York alleging violations of the Securities Act of 1933 and the Securities Exchange Act of 1934.
Defendant Polished alleges that it sells furniture, fitness equipment, plumbing fixtures, televisions, outdoor and patio furniture, and commercial equipment to home builders and business customers as a content-driven and technology-enabled appliance, furniture, and home goods shopping destination.
On July 20, 2022, the Company changed its name from “1847 Goedeker Inc.” to “Polished.com Inc.” In connection with the name change, the Company’s common stock ceased trading under the ticker symbol “GOED” and traded under the ticker symbol “POL.” traded.
On August 3, 2020, the Company filed with the SEC the final prospectus for the initial public offering on Form 424B4, which is part of the IPO registration statement. In the IPO, the company sold 1,111,200 shares at a price of $9.00 per share.
The plaintiff alleges that the defendants essentially …
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