Digital infrastructure company Equinix, Inc. (NASDAQ:EQIX) filed today and 8-K and announced that the company’s Board Audit Committee has launched an independent investigation to look into the issues raised in a recent short seller report.
Shortly after the report was made public, the company received a subpoena from the US Attorney’s Office for the Northern District of California. The company says receiving these types of inquiries is not unusual under these circumstances, and Equinix intends to cooperate fully in this matter.
In a statement, the company said:
“We take seriously our obligations for transparency and accuracy in our financial reporting. We believe that we have earned the trust of our investors – and all of our shareholders – by reliably delivering on our commitments with integrity and meeting our customers’ demands, as we have proven throughout our 25-year history.”
The company added:
“We remain convinced that our distinctive strengths create significant long-term opportunities for Equinix, and we continue to see our differentiated value proposition as highly relevant to our more than 10,000 customers as they pursue their digital transformation agendas and deploy distributed, hybrid and multicloud infrastructure as the preferred architecture of choice.”