We are investigating Atreca, Inc. (BCEL) (“Atreca” or the “Company”) for potential violations of the federal securities laws.
On or around June 19, 2019, Atreca conducted its initial public offering (“IPO”), issuing 7,350,000 shares of common stock priced at $17.00 per share. Then, on March 11, 2020, Atreca issued a press release announcing its financial results for the fourth quarter and full year ended December 31, 2019. Among other results, Atreca reported fourth quarter GAAP earnings per share of -$0.72, falling $0.03 short of consensus estimates. On this news, Atreca’s stock price fell sharply, damaging investors.