We are investigating OneSpan Inc. (OSPN) (“OneSpan” or the “Company”) for potential violations of the federal securities laws. On August 11, 2020, OneSpan disclosed that it could not timely file its quarterly report for the period ended June 30, 2020 and that it had previously overstated certain revenue, citing “errors related to certain contracts with customers involving term-based software licenses.” On this news, OneSpan’s stock price fell $12.36 per share, or 39.62%, to close at $18.84 on August 12, 2020.