Above Food (ABVE) Stock Plummets 43% Due to Audit Issues

Written by Emily J. Thompson, Senior Investment Analyst

Source: Globenewswire

Updated: Jan 03 2026

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ABVE-0.51%

Should l Buy ABVE?

Source: Globenewswire

Auditor Resignation: Above Food disclosed on December 2, 2025, that its auditor resigned at the company's request in July, causing a 6.1% drop in stock price to $2.60 per share, which directly undermined investor confidence.
Audit Delay: On December 12, 2025, the company announced that unavoidable illness-related resource challenges would delay the completion of its fiscal year 2025 audit, leading to a 43.04% stock price decline over two days to $1.76 per share, further exacerbating investor losses.
Nasdaq Notification: Above Food has notified Nasdaq and applied for a 180-day extension for the audit, a move that, while necessary for compliance, highlights significant challenges in financial transparency and management that could impact future financing capabilities.
Legal Investigation: Bragar Eagel & Squire is investigating whether Above Food violated federal securities laws, and if substantiated, this could lead to legal liabilities for the company, further affecting its market reputation and shareholder interests.

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About ABVE

Above Food Ingredients Inc. is a differentiated, regenerative ingredient company with a vertically integrated supply chain that produces products. The Company delivers nutritious foods to businesses and consumers. It has three main product lines and operates in two segments: Disruptive Agriculture and Rudimentary Ingredients, and Consumer Packaged Goods (CPG). The Disruptive Agriculture and Rudimentary Ingredients segment concentrates on the provisioning of discrete genetics, origination, purchasing, grading, primary processing and sale of regeneratively grown grain, as well as the origination, purchase, and sale of bespoke ingredients products, processed primarily through the Company-owned ingredient facilities. The CPG segment formulates, manufactures, sells, distributes, and markets proprietary consumer product formulations in owned brands and focuses on manufacturing and distribution for private-labeled retail owned brands. Its brands include Neat, Tuno, Eat Up! and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Pomerantz LLP Investigates Above Foods for Potential Securities Fraud

Jan 22 2026PRnewswire

Securities Fraud Investigation: Pomerantz LLP is investigating potential securities fraud claims on behalf of investors of Above Foods Ingredients Inc., focusing on unlawful business practices by the company and its executives that could impact investor rights.
Auditor Resignation Impact: Above Food disclosed on December 2, 2025, that its auditor resigned at the company's request in July, leading to a stock price drop of $0.23, or 7.67%, to close at $1.69 on December 19, 2025, indicating market concerns over corporate governance.
Law Firm Background: Pomerantz LLP, recognized as a premier firm in corporate, securities, and antitrust class litigation for over 85 years, is committed to fighting for the rights of victims of securities fraud and corporate misconduct, boasting numerous multimillion-dollar recoveries for class members.
Investor Contact Information: Pomerantz LLP urges affected investors to contact Danielle Peyton at 646-581-9980, ext. 7980, to obtain more information and join the class action, highlighting the urgency and significance of legal action.

Above Foods Investigated for Securities Fraud, Stock Drops 7.67%

Jan 20 2026Globenewswire

Investigation Launched: Pomerantz LLP is investigating claims of securities fraud against Above Foods Ingredients Inc., potentially impacting investor confidence and stock performance due to allegations against the company and its executives.
Auditor Resignation: On December 2, 2025, Above Food disclosed that its auditor resigned in July at the company's request, raising market concerns and leading to a stock price drop to $1.69 per share on December 19.
Stock Price Reaction: Following the auditor resignation news, Above Food's stock fell by $0.23, or 7.67%, indicating investor worries regarding the company's governance and financial transparency.
Legal Context: Pomerantz LLP, a prominent securities class action law firm with over 85 years of experience, is committed to protecting investor rights, and if fraud is confirmed, the company may face substantial damages.

Above Foods Investigated for Securities Fraud, Stock Drops 7.67%

Jan 13 2026Globenewswire

Investigation Launched: Pomerantz LLP is investigating whether Above Foods Ingredients Inc. has engaged in securities fraud or other unlawful business practices, aiming to protect investor rights and potentially initiate a class action.
Auditor Resignation: On December 2, 2025, Above Food disclosed that its auditor resigned in July at the company's request, raising market concerns that could impact the company's credibility.
Stock Price Reaction: Following the auditor resignation news, Above Food's stock price fell by $0.23, or 7.67%, closing at $1.69 per share on December 19, 2025, indicating investor unease about the company's future.
Legal Context: Pomerantz LLP is a renowned securities class action law firm that has fought for the rights of victims of securities fraud for over 85 years, which may significantly influence Above Food's future legal liabilities.