The Law Offices of Frank R. Cruz Announces Investigation of Nuvei Corporation (NVEI) on Behalf of Investors

The Law Offices of Frank R. Cruz announces an investigation of Nuvei Corporation (“Nuvei” or the “Company”) (NASDAQ: NVEI) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On December 8, 2021, Spruce Point Capital Management published a research report regarding Nuvei, alleging inaccuracies in the Company’s claims of growth. The report claims that Nuvei “has covered up a pattern of business failures, lack of organic growth, and a web of relationships with individuals connected to major Ponzi Schemes and alleged fraudulent activities.” Furthermore, while Nuvei is reporting “remarkable financial success,” Spruce Point asserts that the Company’s financial disclosures are “weak” and that “results are being temporarily enhanced from concentrated exposure to high risk gaming and eCommerce.”

On this news, Nuvei’s stock declined as much as 36% during intraday trading on December 8, 2021, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Nuvei securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211208006021/en/

The Law Offices of Frank R. Cruz Announces Investigation of Nuvei Corporation (NVEI) on Behalf of Investors