Investing.com — FTAI Aviation’s inventory fell by 8.8% in premarket buying and selling following the corporate’s announcement that its board has determined to provoke a evaluate. This choice is available in response to allegations made in a report by Muddy Waters (NYSE:).
As a part of the evaluate, the corporate plans to interact impartial advisors. The method is meant to completely look at and deal with the assertions made within the Muddy Waters’ report.
FTAI Aviation has said it “strongly” disagrees with the allegations made within the brief report. Nonetheless, the corporate has not dominated out the chance that the timing of the brief report, in relation to the preparation of its annual monetary statements, could result in a delay within the launch of its 2024 annual report on Kind 10-Okay.
This potential delay is as a result of time which may be required to finish the evaluate.
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