Lending Club got slammed on Tuesday after the loan middleman company delayed its annual meeting and its second-biggest shareholder sold its stake.

The double-whammy of bad news turned into one of the company’s worst days since May 9, when CEO Renaud Laplanche unexpectedly resigned following the misselling of $22 million in loans to Jefferies.

“Given the developments of the last few weeks, the company is not yet in a position to provide its stockholders a complete report on the state of the company,” Lending Club said in a statement. The meeting was postponed to June 28.

Separately, asset manager Baillie Gifford, which owned 9 percent of Lending Club, sold its position, according to regulatory filings.

The company is being probed by the New York Department of Financial Services, Justice Department and SEC. Lending Club said it is cooperating with the probes. The stock fell 7.5 percent Tuesday, and is down 38.2 percent since Laplanche announced his resignation.