Presto Automation Inc. PRST (last ticker on record)
CIK 1822145Its SEC filings (opens in a new tab)
- Restatement
- SEC/DOJ scrutiny
- 95% wipeout
- Delisting notice (not a red flag)
- Restructuring
These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.
- Red flags
- 4
- Newest began Mar 2024
- Largest fall in its shares
- 99%
- Aug 2022 to Jan 2025
- Law firms
- 8
- Linked to 5 or more companies
- Lawyers
- 7
- Linked to 5 or more companies
What happened
- SEC administrative actionSEC order (opens in a new tab)
- SEC administrative proceedingSEC order (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- A filing mentions cooperating with the SECForm 10-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.
Law firms
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Paul HastingsFirst linked Feb 2024 · Named in SEC correspondence · 768 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.72× · 95% wipeout 1.09×
- Dentons US LLPFirst linked Mar 2022 · Named in SEC correspondence · 102 linked companiesSEC/DOJ scrutiny 0.91× · Went dark 0.40× · 95% wipeout 1.48×
- White & CaseFirst linked Mar 2022 · Named in SEC correspondence · 907 linked companiesSEC/DOJ scrutiny 1.04× · Went dark 0.33× · 95% wipeout 0.91×
- Loeb & Loeb LLPFirst linked Aug 2020 · Named in SEC correspondence · 838 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.99× · 95% wipeout 1.10×
- Goodwin ProcterFirst linked Jul 2022 · Text search only · 1,221 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.31× · 95% wipeout 1.17×
- Dentons LLP.First linked Mar 2022 · Text search only · 19 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 0.00× · 95% wipeout 1.44×
- Mayer BrownFirst linked Mar 2022 · Text search only · 680 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.34× · 95% wipeout 0.94×
- Milbank Tweed Hadley & McCloyFirst linked Mar 2022 · Text search only · 439 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.35× · 95% wipeout 0.76×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Paul Hastings | Feb 2024 | Named in SEC correspondence | 768 | 0.98 | 0.72 | 1.09 |
| Dentons US LLP | Mar 2022 | Named in SEC correspondence | 102 | 0.91 | 0.40 | 1.48 |
| White & Case | Mar 2022 | Named in SEC correspondence | 907 | 1.04 | 0.33 | 0.91 |
| Loeb & Loeb LLP | Aug 2020 | Named in SEC correspondence | 838 | 0.92 | 0.99 | 1.10 |
| Goodwin Procter | Jul 2022 | Text search only | 1,221 | 0.79 | 0.31 | 1.17 |
| Dentons LLP. | Mar 2022 | Text search only | 19 | 0.77 | 0.00 | 1.44 |
| Mayer Brown | Mar 2022 | Text search only | 680 | 0.98 | 0.34 | 0.94 |
| Milbank Tweed Hadley & McCloy | Mar 2022 | Text search only | 439 | 1.03 | 0.35 | 0.76 |
Lawyers
The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.
- Will BurnsPaul HastingsFirst linked Feb 2024 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.00×
- Brian LeeDentons US LLPFirst linked Mar 2022 · Named in SEC correspondence · 19 linked companiesSEC/DOJ scrutiny 0.63× · Went dark 1.76× · 95% wipeout 1.33×
- Colin J. DiamondWhite & CaseFirst linked Mar 2022 · Named in SEC correspondence · 83 linked companiesSEC/DOJ scrutiny 0.61× · Went dark 0.00× · 95% wipeout 0.82×
- Ilan KatzDentons US LLPFirst linked Mar 2022 · Named in a filing · 14 linked companiesSEC/DOJ scrutiny 0.90× · Went dark 0.00× · 95% wipeout 1.37×
- Laura Katherine MannWhite & CaseFirst linked Mar 2022 · Named in SEC correspondence · 17 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.00× · 95% wipeout 1.40×
- Giovanni CarusoLoeb & Loeb LLPFirst linked Aug 2020 · Named in SEC correspondence · 181 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 0.43× · 95% wipeout 1.21×
- Mitchell S. NussbaumLoeb & Loeb LLPFirst linked Aug 2020 · Named in SEC correspondence · 391 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.93× · 95% wipeout 1.21×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Will BurnsPaul Hastings | Feb 2024 | Named in SEC correspondence | 12 | 0.00 | 0.00 | 0.00 |
| Brian LeeDentons US LLP | Mar 2022 | Named in SEC correspondence | 19 | 0.63 | 1.76 | 1.33 |
| Colin J. DiamondWhite & Case | Mar 2022 | Named in SEC correspondence | 83 | 0.61 | 0.00 | 0.82 |
| Ilan KatzDentons US LLP | Mar 2022 | Named in a filing | 14 | 0.90 | 0.00 | 1.37 |
| Laura Katherine MannWhite & Case | Mar 2022 | Named in SEC correspondence | 17 | 0.95 | 0.00 | 1.40 |
| Giovanni CarusoLoeb & Loeb LLP | Aug 2020 | Named in SEC correspondence | 181 | 1.06 | 0.43 | 1.21 |
| Mitchell S. NussbaumLoeb & Loeb LLP | Aug 2020 | Named in SEC correspondence | 391 | 0.98 | 0.93 | 1.21 |