Fluence Energy, Inc. October 11, 2024 Join Investigation Principle Contacts Jeffrey P. Campisi JCampisi@kaplanfox.comLaurence D. KingLKing@kaplanfox.com Fluence Energy Investors Are Encouraged to Contact Kaplan Fox & Kilsheimer LLP Regarding Potential Securities Law Violations Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Fluence Energy, Inc. (“Fluence” or the “Company”) (NASDAQ: FLNC). CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION If you are an Fluence investor and have suffered losses, you may CLICK HERE to contact us. You may also contact Kaplan Fox by emailing jcampisi@kaplanfox.com or by calling (212) 329-8571. On February 22, 2024, Blue Orca Capital issued a report that alleges: “We are short Fluence Energy, Inc. (“Fluence” or the “Company”), because undisclosed to investors, the U.S. affiliate of its largest shareholder and corporate parent, Siemens, has a filed a lawsuit accusing Fluence of a laundry list of embarrassing and costly engineering and design failures, false representations, and most notably fraud.” The report further alleges “[u]ltimately, we think Fluence is facing a perfect storm of crushing lawsuits, angry customers, major shareholders withdrawing generous subsidies, massive insider dumping and a tidal wave of coming dilution.” Following this news, Fluence stock fell $2.28 per share, or over 13%, to close at $14.73 per share on February 22, 2024. On August 7, 2024, Fluence disclosed in the Company’s quarterly filing with the U.S. Securities and Exchange Commission (“SEC”), that “the SEC is conducting a formal investigation and asking for certain information regarding the Company’s financial reporting.” Further, during the conference call held the next day, the Company’s CFO indicated that “based on the information the SEC has requested, we believe we are examining some of the topics raised in the short sellers’ report, such as revenue recognition policies and our previously disclosed material weakness.” WHY CONTACT KAPLAN FOX Kaplan Fox is a leading national law firm focusing on complex litigation with offices in New York, Oakland, Los Angeles, Chicago and New Jersey. With over 50 years of experience in securities litigation, Kaplan Fox offers the professional experience and track record that clients demand. Through prosecuting cases on the federal and state levels, Kaplan Fox has successfully shaped the law through winning many important decisions on behalf of our clients. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. If you have any questions about this investigation, please contact: Pamela A. MayerKAPLAN FOX & KILSHEIMER LLP800 Third Avenue, 38th FloorNew York, New York 10022(646) 315-9003E-mail: pmayer@kaplanfox.com Laurence D. KingKAPLAN FOX & KILSHEIMER LLP1999 Harrison Street, Suite 1560Oakland, California 94612(415) 772-4704E-mail: lking@kaplanfox.com Connect with Kaplan Fox. Receive a complimentary case review now. Contact Us Dave & Busters Entertainment, Inc. See the Case Celsius Holdings, Inc. See the Case Dentsply Sirona Inc. See the Case Western Asset Macro Opportunities Fund See the Case Franklin Resources, Inc. See the Case Customers Bancorp, Inc. See the Case Rentokil Initial plc See the Case Warner Bros Discovery, Inc. See the Case Applied Therapeutics, Inc. See the Case Zeta Global Holdings Corp. See the Case Macy’s, Inc. See the Case Quanterix Corp See the Case
