Napco is the subject of a report published by Fuzzy Panda Research on September 5, 2024. According to the report, the Company has engaged in financial manipulation and accounting fraud. The report alleges, “We interviewed former employees, competitors, and industry leaders who repeatedly cast doubt on Napco’s reported financials and corroborated one another.” The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.