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New Federal Securities Cases

Restoration Robotics, Inc.

A class action lawsuit has been filed in the United States District court for the Northern District of California against Restoration Robotics, Inc. ("Restoration Robotics" or the "Company") (NASDAQGM:HAIR) on behalf of investors who acquired Restoration Robotics securities in or pursuant to the Company's initial public offering or thereafter during the period from October 9, 2017 through March 31, 2018 (the "Class Period"). The lawsuit seeks to recover damages under the Federal securities laws.

The lawsuit alleges that Restoration Robotics negligently issued untrue statements of material facts in, and omitted to state material facts required to be stated from, the Offering Materials issued in connection with the Initial Public Offering. The complaint further alleges that as a result issuing materially misleading Offering Materials, the Company's stock price was artificially inflated at the time of the IPO.

At the time of the IPO, Restoration Robotics sold 3,897,910 shares at a price of $7.00 per share. According to the lawsuit, on October 13, 2017. Restoration Robotics told investors that the proceeds would fund the company's operations for a full year after the IPO and said that the company's robotic implantation functionality was ready to go. On March 20, 2018, the company disclosed it "plan[ned] to complete the necessary design and engineering work to launch the implantation functionality by year-end." Restoration Robotics further represented that the company was well-positioned to grow its domestic business through increased sales, when in reality Restoration Robotics was not equipped with a sufficient salesforce to effectively grow the business in the U.S. By the end of the first quarter of 2018, the company admitted that it did "not have sufficient capital to fund its planned operations." Since the IPO, however, Restoration Robotics stock has fallen substantially, closing at $2.69 per share on June 22, 2018, further damaging investors.

If you acquired Restoration Robotics securities during the Class Period, you may, no later than August 21, 2018, request that the court appoint you lead plaintiff of the Class. Although your ability to share in any recovery is not affected by the decision whether or not to seek appointment as a lead plaintiff, lead plaintiffs make important decisions that could affect the overall recovery for class members, including decisions concerning settlement.

If you are a current or former Restoration Robotics shareholder and wish to obtain additional information, please fill out the contact form at the link below.


Investigation Contact Form

Restoration Robotics, Inc. Investor Contact Form



Attorneys

Ira M. Press


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