Investing.com -- FTAI Aviation’s stock fell by 8.8% in premarket trading following the company’s announcement that its board has decided to initiate a review. This decision comes in response to allegations made in a report by Muddy Waters (NYSE:WAT).
As part of the review, the company plans to engage independent advisors. The process is intended to thoroughly examine and address the assertions made in the Muddy Waters’ report.
FTAI Aviation has stated it "strongly" disagrees with the allegations made in the short report. However, the company has not ruled out the possibility that the timing of the short report, in relation to the preparation of its annual financial statements, may lead to a delay in the release of its 2024 annual report on Form 10-K.
This potential delay is due to the time that may be required to complete the review.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.