Paysign Inc (PAYS)

[WOW23P]

 PAYS

4.265$-0.12%

? PAYSIGN, INC.

 Real-time Estimate Cboe BZX  09:46:43 2024-04-19 am EDT1st Jan Change4.285 USD+0.35%+52.50%

Summary

Quotes

Charts

News

Ratings

Calendar

Company

Financials

Consensus

Revisions

This BS is officially in our rear-view. D&O insurance for the win

Paysign : Material Event - Form 8-K

April 19, 2024 at 08:33 am EDT

Item 8.01 Other Events.

On April 17, 2024, the United States District Court for the District of Nevada granted final approval of the settlement of the previously disclosed federal securities class action lawsuit entitled In re Paysign, Inc. Securities Litigation, which had been brought against Paysign, Inc. (the "Company") and certain of its current or former directors and officers. As previously described in the Company's Annual Report on Form 10-K filed on March 27, 2024, under the settlement, all claims against the Company and the individual defendants have been dismissed with prejudice, in exchange for payment to the referenced class of purchasers in the amount of $3,750,000, the entirety of which is being paid from proceeds of the Company's directors-and-officers insurance policy.