EquipmentShare says Blue Orca short report mischaracterizes business, OWN Program
EQPT•EquipmentShare rejected a Blue Orca Capital short report as misleading on its business model, financial statements and OWN Program, saying the program’s accounting complies with U.S. GAAP and SEC disclosure rules.
1. Company rebuts report
EquipmentShare said Blue Orca Capital holds a disclosed short position and has an incentive to profit from stock volatility tied to its report. The company said its financial statements were independently audited by a Big 4 accounting firm and reiterated its growth strategy, citing operating performance and expansion in construction technology and equipment rental.
