SHAREHOLDER ALERT: Holzer & Holzer Encourages RenovaCare, Inc. Investors With Significant Losses to Contact the Firm

Atlanta, Georgia--(Newsfile Corp. - July 19, 2021) - Holzer & Holzer, LLC reminds investors who suffered financial losses on purchases of RenovaCare, Inc. ("RenovaCare" or the "Company") (OTC Pink: RCAR) securities made between August 14, 2017 and May 28, 2021 of an upcoming lead plaintiff deadline in the class action filed against the Company. RenovaCare investors have until September 14, 2021 to ask the Court to be appointed as Lead Plaintiff for the class.

On May 28, 2021, the SEC issued a litigation release stating RenovaCare was being charged with alleged securities fraud. The SEC's complaint alleges that between July 2017 and January 2018, the Company's controlling shareholder and Chairman, Harmel Rayat ("Rayat"), "arranged, and caused RenovaCare to pay for, a promotional designed to increase the Company's stock price." Specifically, the SEC alleges that "Rayat was closely involved in directing the promotion and editing promotional materials, and arranged to funnel payments to the publisher through consultants to conceal RenovaCare's involvement in the campaign" and that "Rayat and RenovaCare then drafted and issued a press release and a Form 8-K that contained material misrepresentations and omissions denying Rayat's and the company's involvement in the promotion." On this news, the Company's stock price fell $0.66, or 24.8%, over three consecutive trading sessions to close at $2.00 per share on June 2, 2021.

If you purchased shares of RenovaCare during the class period and have suffered significant losses on that investment, you are encouraged to either contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Joshua Karr, Esq. at jkarr@holzerlaw.com, call our toll-free telephone at (888) 508-6832, or visit the firm's website at www.holzerlaw.com to discuss your legal rights.

Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.

CONTACT:
Corey D. Holzer, Esq.
(888) 508-6832 (toll-free)
cholzer@holzerlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/90627