Ebang International Holdings, Inc.
Investors that purchased the Company’s securities and have suffered a loss, please fill in transaction information below, or email to info@portnoylaw.com.
There is no cost or obligation associated with submitting your information. If you are a shareholder who suffered a loss, please submit your contact information and purchase information to participate in the putative class action.
We also encourage you to contact Lesley F. Portnoy of The Portnoy Law Firm, at 310.692.8883, to discuss your rights free of charge. You can also reach us through the firm’s website at www.portnoylaw.com, or by email at info@portnoylaw.com.
If you choose to take no action, you can remain an absent class member.
Joining the case through the Portnoy Law website enables investors to learn about their legal claims and take an active role in recovering their losses.
The Portnoy Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
CONTACT:
Portnoy Law Firm
Lesley F. Portnoy, Esq.,
www.portnoylaw.com
Office: 310.692.8883
1800 Century Park East, Suite 600
Los Angeles, CA 90067
info@portnoylaw.com
Analyst Hindenburg Research published a report on April 6, 2021, alleging the Chinese cryptocurrency company is directing proceeds from its IPO last year into a “series of opaque deals with insiders and questionable counterparties.”Ebang raised $21 million in November 2020, According to the report, stating that the proceeds would go “primarily for development,” and that $21 million was allegedly directed to repay related-party loans to a relative of the company’s Chairman/CEO Dong Hu. It was also noted in this report that Ebang’s earlier efforts to go public on the Hong Kong Stock Exchange failed as a result, to widespread media coverage of its relationship with Yindou, a Chinese peer-to-peer online lending scheme that defrauded 20,000 retail investors in 2018, with $655 million “vanish(ing) into thin air”. On April 6, 2021, share price fell $0.82, or approximately 13%, on this news, to close at $5.53 per share thereby injuring investors.
