下载App
扫码立即下载
下载App
扫码立即下载

ZHANGMEN ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Zhangmen Education Inc. and Encourages Investors to Contact the Firm

Businesswire ·  {{timeTz}}

NEW YORK--(BUSINESS WIRE)--#Securities--Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Zhangmen securities pursuant and/or traceable to the June 8, 2021 IPO. Investors have until January 18, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.


Click here to participate in the action.

In June 2021, Zhangmen, an education company focused on providing personalized online courses to K-12 students in China, conducted its initial public offering ("IPO"), selling 4,166,450 ADSs at a price of $11.50 per ADS.

Then, on July 23, 2021 China revealed an extensive overhaul of its education sector, prohibiting companies that teach the school curriculum from making profits, raising capital or going public. This effectively ended China's $120 billion private tutoring industry.

On July 26, 2021, Zhangmen issued a release stating that these new guidelines were likely "to have material impacts on our existing business operations, financial condition and corporate structure."

Then, on November 19, 2021, Zhangmen announced that its independent auditor had resigned.

On November 19, 2021, the Company's share price closed at $1.47 per ADS, an 80% decline from the IPO price.

If you purchased or otherwise acquired Zhangmen shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.


Contacts

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Alexandra B. Raymond, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com

本页的译文内容由软件翻译。富途将竭力但却不能保证翻译内容之准确和可靠,亦不会承担因任何不准确或遗漏而引起的任何损失或损害。

风险提示:以上内容仅作为作者或者嘉宾的观点,不代表富途的任何立场,不构成与富途相关的任何投资建议。在作出任何投资决定前,投资者应根据自身情况考虑投资产品相关的风险因素,并于需要时咨询专业投资顾问意见。富途竭力但不能证实上述内容的真实性、准确性和原创性,对此富途不做任何保证和承诺。

回到顶部