Wolf Popper LLP Announces Investigation on Behalf of Purchasers of Zymergen Inc. (ZY) Common Stock

New York, New York--(Newsfile Corp. - August 4, 2021) - Wolf Popper LLP is investigating potential securities fraud claims on behalf of purchasers of Zymergen Inc. common stock (NASDAQ: ZY).

Zymergen purports to design, develop, and commercialize breakthrough products faster, cheaper, and greener than before through what the company calls biofacturing. Zymergen held its initial public offering on April 21, 2021 and sold 18.54 million shares at $31.00 per share.

Wolf Popper's investigation is focused on whether Zymergen misled its investors about the company's future prospects.

After the market closed on August 3, 2021, Zymergen provided a business update and disclosed the company "recently became aware of issues with its commercial product pipeline that will impact the Company's delivery timeline and revenue projections. Accordingly, the Company no longer expects product revenue in 2021, and expects product revenue to be immaterial in 2022." Furthermore, Zymergen said its current Chief Executive Officer, Josh Hoffman, was stepping down as CEO and as a member of the board immediately. In early trading on August 4, 2021, Zymergen's stock price has plunged $26.75 per share to $8.08, or a drop of 76.8%.

For more information, Zymergen investors with trading losses of over $50,000 and who would like to learn more about Wolf Popper's investigation should contact Joshua Ruthizer at (212) 451-9668 or at jruthizer@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.

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Wolf Popper LLP

Joshua Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Email: jruthizer@wolfpopper.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/92073.