Rosen Law Firm Urges Capricor Therapeutics, Inc. (NASDAQ: CAPR) Stockholders with Large Losses to Contact the Firm for Information About Their Rights
For more information, submit a form, email attorney Phillip Kim, or give us a call at 866-767-3653.
The Allegations: Rosen Law Firm is Investigating the Allegations that Capricor Therapeutics, Inc. (NASDAQ: CAPR) Misled Investors Regarding its Business Operations.
According to the lawsuit, throughout the Class Period, defendants provided investors with material information concerning deramiocel, Capricor's lead cell therapy candidate drug for the treatment of cardiomyopathy associated with Duchenne muscular dystrophy (DMD). Defendants' statements included, among other things, Capricor's ability to obtain a Biologics License Application (BLA) for deramiocel from the U.S. Food and Drug Administration (FDA). Further, defendants provided these overwhelmingly positive statements to investors while, at the same time, disseminating false and misleading statements and/or concealing material adverse facts concerning its four-year safety and efficacy data from its Phase 2 HOPE-2 trial study of deramiocel. The lawsuit alleges this caused shareholders to purchase Capricor's securities at artificially inflated prices. When the true details entered the market, the lawsuit claims that investors suffered damages.
What Now: You may be eligible to participate in the class action against Capricor Therapeutics, Inc. Shareholders who want to serve as lead plaintiff for the class must file their motions with the court by September 15, 2025. A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Rosen Law Firm: Some law firms issuing releases about this matter do not actually litigate securities class actions. Rosen Law Firm does. Rosen Law Firm is a recognized leader in shareholder rights litigation, dedicated to helping shareholders recover losses, improving corporate governance structures, and holding company executives accountable for their wrongdoing. Since its inception, Rosen Law Firm has obtained over $1 billion for shareholders.
Attorney Advertising. Prior results do not guarantee a similar outcome.
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Net cash provided by operating activities was $40.5 million, compared with net cash used of $2.9 million for the period from April 1, 2023, through June 15, 2023, and net cash provided of $24.0 million for the period from June 16, 2023, through March 31, 2024. About OMS Energy Technologies Inc. OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company's 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. 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All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: OMS Energy Technologies RelationsEmail: ir@ Piacente Financial CommunicationsBrandi PiacenteTel: +1-212-481-2050Email: oms@ Hui FanTel: +86-10-6508-0677Email: oms@ Unaudited Summary of Financial ResultsConsolidated Statements of Financial Positions For theyear endedMarch 31, 2025 For theyear endedMarch 31, 2024 US$'000 US$'000 Assets Current assets: Cash and cash equivalents 72,950 43,470 Restricted cash, current 1,692 1,593 Trade receivables 13,467 31,948 Contract assets 983 1,730 Inventories 32,546 30,689 Prepayment and other current assets 1,646 3,067 Amount due from a related party 1,584 1,585 Total Current Assets 124,868 114,082 Non-current assets: Restricted cash, non-current 1,189 367 Right-of-use assets 8,086 3,549 Property, plant and equipment 32,055 32,040 Intangible assets 42 126 Deferred tax assets 2,938 2,574 Prepayment and other non-current assets 1,327 694 Total Non-Current Assets 45,637 39,350 Total Assets 170,505 153,432 Liabilities Current Liabilities: Trade and other payables 15,070 47,535 Loans and borrowings — 6,504 Tax payable 8,200 6,669 Lease liabilities, current 1,187 741 Total Current Liabilities 24,457 61,449 Non-current Liabilities: Employee benefits obligation 827 751 Lease liabilities, non-current 6,096 1,843 Deferred tax liabilities 4,217 3,684 Other payables, non-current — 5,000 Provisions 321 351 Total Non-Current Liabilities 11,461 11,629 Total Liabilities 35,918 73,078 Equity Share capital 4 4 Share premium 72,648 67,648 Retained earnings 58,634 13,818 Accumulated other comprehensive loss (2,397 ) (4,441 ) Equity attributable to Shareholders of the Company 128,889 77,029 Non-controlling interests 5,698 3,325 Total equity 134,587 80,354 Total liabilities and equity 170,505 153,432 Consolidated Statements of Profit or Loss and Other Comprehensive Income Successor Successor Predecessor For theyear endedMarch 31, 2025 For the periodJune 16, 2023throughMarch 31, 2024 For the periodApril 1throughJune 15, 2023 US$'000 US$'000 US$'000 Revenue – third parties 203,607 163,267 16,967 Revenue – related parties — — 1,215 Total revenue 203,607 163,267 18,182 Cost of revenue – third parties (134,620 ) (114,525 ) (13,080 ) Cost of revenue – related parties — — (75 ) Total cost of revenue (134,620 ) (114,525 ) (13,155 ) Gross profit 68,987 48,742 5,027 Selling, general and administrative expenses (9,122 ) (8,574 ) (1,790 ) Operating profit 59,865 40,168 3,237 Bargain purchase gain — 49,429 — Other income/(expenses), net – third parties 246 775 (108 ) Other income, net – related parties — — 29 Total other income/(expenses), net 246 50,204 (79 ) Finance income – third parties 339 55 9 Finance income – related parties — — 65 Total finance income 339 55 74 Finance cost – third parties (284 ) (915 ) (38 ) Finance cost – related parties — — (162 ) Total finance cost (284 ) (915 ) (200 ) Profit before tax 60,166 89,512 3,032 Income tax expense (13,189 ) (7,424 ) (657 ) Net profit 46,977 82,088 2,375 Other comprehensive income/(loss): Items that will not be reclassified to profit or loss Foreign currency translation differences 2,258 (1,701 ) (610 ) Changes resulting from actuarial remeasurement of employee benefits obligation (2 ) (33 ) (9 ) Other comprehensive income/(loss), net of tax 2,256 (1,734 ) (619 ) Total comprehensive income 49,233 80,354 1,756 Net profit attributable to: Shareholders of the Company 44,816 80,880 1,867 Non-controlling interests 2,161 1,208 508 Net profit 46,977 82,088 2,375 Total comprehensive income attributable to: Shareholders of the Company 46,860 79,184 1,310 Non-controlling interests 2,373 1,170 446 Total comprehensive income 49,233 80,354 1,756 Basic and diluted weighted-average shares outstanding 37,822,500 36,900,000 Basic and diluted earnings per share (as adjusted) (US$) 1.18 2.19 Consolidated Statements of Cash Flows Successor Successor Predecessor For theyear endedMarch 31, 2025 For the periodJune 16, 2023throughMarch 31,2024 For the periodApril 1throughJune 15,2023 US$'000 US$'000 US$'000 Operating activities Net profit 46,977 82,088 2,375 Adjustments for: Income tax expenses 13,189 7,424 657 Depreciation of property, plant and equipment 2,711 3,800 251 Amortization of intangible assets 84 97 6 Depreciation of right-of-use assets 1,412 1,030 140 Loss/(gain) on disposal of property, plant and equipment 111 (357 ) — Allowance for/(reversal of) inventories obsolescence 571 (335 ) (6 ) Allowance for/(reversal of) expected credit losses 121 (3 ) — Finance costs 284 915 200 Finance income (339 ) (55 ) (74 ) Loss/(gain) on unrealized foreign exchange 493 (793 ) 134 Gain on bargain purchase — (49,429 ) — Changes in operating assets and liabilities: Trade receivables 18,975 (17,961 ) (2,727 ) Contract assets 764 (1,505 ) 1,139 Inventories (2,329 ) (20,817 ) (360 ) Prepayment and other assets 809 418 (1,219 ) Trade receivables due from related parties — 284 (428 ) Trade and other payables (32,239 ) 26,157 (2,224 ) Employee benefits obligation 59 11 24 51,653 30,969 (2,112 ) Cash provided by operations: Interest received 339 55 74 Income taxes paid (11,490 ) (6,979 ) (852 ) Net cash provided by/(used in) operating activities 40,502 24,045 (2,890 ) Investing activities Proceeds from sale of property, plant and equipment — 698 — Cash payment for management buyout — (2,000 ) — Acquisition of property, plant and equipment (2,863 ) (3,238 ) (1,200 ) Acquisition of intangible asset — (11 ) — Repayment from/(loan to) related parties — — 20,981 Amount due from a related party 1 (1,585 ) — Net cash (used in)/provided by investing activities (2,862 ) (6,136 ) 19,781 Financing activities Advances from potential investors — 5,000 — Proceeds from loans and borrowings — — 874 Proceeds from loans from related parties — — 8,845 Repayment of loans from related parties — — (28,038 ) Repayment of loans and borrowings (6,504 ) (3,874 ) — Interest paid (253 ) (211 ) (200 ) Payment of lease liabilities (1,302 ) (824 ) (197 ) Net cash (used in)/provided by financing activities (8,059 ) 91 (18,716 ) Effect of foreign exchange on cash, cash equivalents and restricted cash 820 (2,473 ) (75 ) Net increase/(decrease) in cash, cash equivalents and restricted cash 30,401 15,527 (1,900 ) Cash, cash equivalents and restricted cash at beginning of year/period 45,430 29,903 31,803 Cash, cash equivalents and restricted cash at end of year/period 75,831 45,430 29,903 Less: Restricted cash, non-current 1,189 367 1,150 Less: Restricted cash, current 1,692 1,593 1,087 Cash and cash equivalents at end of year/period 72,950 43,470 27,666
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