Alarum to investigate potential illegal short selling

Tel aviv, israel, feb. 22, 2023 (globe newswire) --   alarum technologies ltd. (www.alarum.io) (nasdaq, tase: alar) (“alarum” or the “company”), a global provider of enterprise and consumer internet access solutions, today announced that it believes that its american depository shares (alar) have been a victim of trading abuses, which may be artificially depressing the company's share price. therefore, the company's board of directors has approved the allocation of resources in order to evaluate all options to address this issue and prepare a concrete action plan, including the retention of specialists to investigate trading in the company's shares in an effort to allow the company to better monitor trading activity and protect the interests of the company's shareholders, as well as  to seek out partnerships with companies experiencing similar market situations and that are taking legal action to combat illegal short selling and restore fair market conditions.
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