LESAKA INVESTIGATION UPDATE: Bragar Eagel & Squire, P.C. Ongoing Inquiry into Lesaka Technologies, Inc. for Stockholders and Invites Investors to Reach Out to the Firm
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2025
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Source: Globenewswire
Investor Alert: Bragar Eagel & Squire, P.C. is investigating potential claims against Lesaka Technologies, Inc. (NASDAQ: LSAK) for possible violations of federal securities laws following a significant stock drop due to the need for restating financial statements.
Restatement Announcement: Lesaka's Audit Committee announced that its unaudited financial statements for several quarters should no longer be relied upon, prompting concerns over the classification of reported revenue and related costs.
Legal Options for Investors: Investors who purchased Lesaka shares and experienced losses are encouraged to contact Bragar Eagel & Squire for a discussion about their legal rights and options.
Law Firm Background: Bragar Eagel & Squire, P.C. is a recognized law firm specializing in representing investors in complex litigation, with offices in New York, South Carolina, and California.
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Analyst Views on LSAK
About LSAK
Lesaka Technologies, Inc. is a South African Fintech company, providing financial services and software to Southern Africa's underserviced consumers (business-to-consumer) and merchants (business-to-business). The Company offers a range of integrated payment solutions, including transactional accounts (banking), lending, insurance, payouts, cash management solutions, card acceptance, supplier payments, software services and bill payments. The Company's operating divisions include Consumer Division, Merchant Division and Enterprise Division. Consumer Division offers transactional accounts (banking), insurance, lending and payments solutions to help underserviced consumers. Merchant Division provides merchant acquiring, software, cash management services, lending and ADP, that help merchants and micro-merchants to transact efficiently. Enterprise Division delivers software and payment technology to enterprise clients, who are generally large-scale corporate and government organizations.
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.
Lesaka Technologies Chairman Acquires 1.8M Shares at $5 Each
- Significant Purchase: Lesaka Technologies Executive Chairman Ali Mazanderani bought 1.8 million shares of LSAK at $5 each on Wednesday, totaling a $9 million investment, indicating strong confidence in the company's future prospects.
- Market Opportunity: LSAK is currently trading at $4.84, which is 3.2% below Mazanderani's purchase price, providing a more attractive entry point for investors and potentially stimulating further buying interest.
- Historical Buying Record: Over the past twelve months, Mazanderani has made three additional purchases of LSAK, totaling $643,215 at an average price of $4.94 per share, demonstrating his ongoing bullish outlook on the stock.
- Stock Performance: On Monday, Lesaka Technologies' stock rose approximately 7.6%, reflecting a positive market response that may be linked to Mazanderani's purchase, thereby boosting investor confidence.
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Lesaka Technologies Schedules Q2 2026 Earnings Release and Conference Call
- Earnings Release Schedule: Lesaka Technologies will release its Q2 2026 results after U.S. market close on February 4, 2026, reflecting the company's latest performance in the South African fintech sector.
- Investor Interaction: Management will host a presentation webcast and conference call on February 5, 2026, at 8:00 AM EDT, allowing analysts and investors to ask questions, enhancing transparency and engagement.
- Webcast Access Link: Participants can access the results webcast through the provided link, ensuring timely information dissemination and facilitating investor awareness of company developments.
- Company Background: Lesaka operates as a South African fintech firm focused on providing comprehensive financial services to underserved consumers and merchants in Southern Africa, driving the digitization of commerce in the region.
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