ROSEN, NATIONAL TRIAL LAWYERS, Encourages Grifols, S.A. Investors to Inquire About Securities Class Action Investigation - GRFS, GIKLY, GIFOF, GIFLF

NEW YORK, Jan. 18, 2024

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Grifols, S.A. (NASDAQ: GRFS) (OTC: GIKLY, GIFOF, GIFLF) resulting from allegations that Grifols may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Grifols securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=21699 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On January 9, 2024, Gotham City Research LLC published a short-seller report entitled, "Grifols SA: Scranton and the Undisclosed Debts." The report alleged the stock market "appears to fundamentally misunderstand the company." The report claimed Grifols "artificially reduced leverage by consolidating earnings of units it doesn't control and has overstated profit." In addition, the report stated "[Grifols] manipulates reported debt & EBITDA to artificially reduce reported leverage to 6x which we believe is closer to 10x-13x." The report concluded that, if these estimates are correct, Grifols "will face notably higher financing costs. Consequently, we believe shares are uninvestable, likely zero."

On this news, Grifols's American Depositary Receipts ("ADRs") fell $2.43 per ADR, or 21.83%, to close at $8.70 per ADR on January 9, 2024.