SHAREHOLDER ALERT: The Gross Law Firm Notifies Shareholders of Daktronics, Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of February 21, 2023 - (NASDAQ: DAKT)

NEW YORK, Jan. 11, 2023

Shareholders who purchased shares of DAKT during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.

CONTACT US HERE:
https://securitiesclasslaw.com/securities/daktronics-inc-loss-submission-form/?id=35458&from=4

CLASS PERIOD: March 10, 2022 to December 6, 2022

ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that:  (1) the Company was experiencing challenges that increased costs, including supply chain disruptions, that impacted Daktronics' ability to fund inventory levels and operations; (2) as a result, it was probable that some portion of the Company's deferred tax assets would not be realized; (3) as a result, Daktronics was reasonably likely to record a material valuation allowance to its deferred tax assets; (4) there were material weaknesses in the Company's internal controls over financial reporting related to income taxes; (5) the foregoing presented liquidity concerns and there was substantial doubt as to the Company's ability to continue as a going concern; and (6) as a result of the foregoing, defendant's positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

DEADLINE: February 21, 2023 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/daktronics-inc-loss-submission-form/?id=35458&from=4

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of DAKT during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is February 21, 2023. There is no cost or obligation to you to participate in this case.