Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Enservco Corporation (ENSV) on Behalf of Investors

Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Enservco Corporation (“Enservco” or the “Company”) (NYSE: ENSV) investors concerning the Company’s possible violations of the federal securities laws.

If you suffered a loss on your Enservco investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/enservco-corporation/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

On March 28, 2022, Enservco disclosed that it had “concluded that the Company’s previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 should no longer be relied upon largely because of the Company’s accounting for a conversion of debt to equity with a related party.”

On this news, Enservco’s stock fell $0.45, or 12.3%, to close at $3.21 per share on March 28, 2022, thereby injuring investors.

Then, on March 31, 2022, the Company disclosed that it could not timely file its 2021 annual financial report because it was “in the process of restating [its] financial statements.”

On this news. Enservco’s stock fell $0.21, or 7.8%, to close at $2.49 per share on April 1, 2022, thereby injuring investors further.

Then, on April 4, 2022, Enservco announced that its Chief Financial Officer would be departing and would no longer be an executive officer or employee.

On this news, Enservco’s stock fell $0.19, or 7.5%, to close at $2.35 per share on April 5, 2022.

Then, on April 18, 2022, the Company disclosed that it would not “be filing its Form 10-K for the fiscal year ended December 31, 2021 within the 15 day extension period provided by the Company’s 12b-25 filing” because it “intends to [again] amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Periods.”

On this news, Enservco’s stock fell $0.38, or 10.5%, to close at $3.25 per share on April 19, 2022, thereby injuring investors further.

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Whistleblower Notice: Persons with non-public information regarding Enservco should consider their options to aid the investigation or take advantage of the SEC Whistleblower Program. Under the program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Charles H. Linehan at 310-201-9150 or 888-773-9224 or email shareholders@glancylaw.com.

About GPM

Glancy Prongay & Murray LLP is a premier law firm representing investors and consumers in securities litigation and other complex class action litigation. ISS Securities Class Action Services has consistently ranked GPM in its annual SCAS Top 50 Report. In 2018, GPM was ranked a top five law firm in number of securities class action settlements, and a top six law firm for total dollar size of settlements. With four offices across the country, GPM’s nearly 40 attorneys have won groundbreaking rulings and recovered billions of dollars for investors and consumers in securities, antitrust, consumer, and employment class actions. GPM’s lawyers have handled cases covering a wide spectrum of corporate misconduct including cases involving financial restatements, internal control weaknesses, earnings management, fraudulent earnings guidance and forward looking statements, auditor misconduct, insider trading, violations of FDA regulations, actions resulting in FDA and DOJ investigations, and many other forms of corporate misconduct. GPM’s attorneys have worked on securities cases relating to nearly all industries and sectors in the financial markets, including, energy, consumer discretionary, consumer staples, real estate and REITs, financial, insurance, information technology, health care, biotech, cryptocurrency, medical devices, and many more. GPM’s past successes have been widely covered by leading news and industry publications such as The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron’s, Investor’s Business Daily, Forbes, and Money.

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