Investor alert: law offices of howard g. smith announces investigation of ebang international holdings, inc. (ebon) on behalf of investors
Bensalem, pa.--(business wire)--law offices of howard g. smith announces an investigation on behalf of ebang international holdings, inc. (“ebang” or the “company”) (nasdaq: ebon) investors concerning the company’s possible violations of federal securities laws. on april 6, 2021, analyst hindenburg research published a report alleging the chinese cryptocurrency company is directing proceeds from its ipo last year into a "series of opaque deals with insiders and questionable counterparties." according to the report, ebang raised $21 million in november 2020, claiming the proceeds would go "primarily for development," and that allegedly $21 million was directed to repay related-party loans to a relative of the company's chairman/ceo dong hu. the report also noted that ebang’s earlier efforts to go public on the hong kong stock exchange failed due to widespread media coverage of its relationship with yindou, a massive chinese peer-to-peer online lending scheme that defrauded 20,000 retail investors in 2018, with $655 million "vanish(ing) into thin air". on this news, ebang’s share price fell as much as 16% during intraday trading on april 6, 2021. if you purchased ebang securities, have information or 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 howard g. smith, esquire, of law offices of howard g. smith, 3070 bristol pike, suite 112, bensalem, pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at www.howardsmithlaw.com. this press release may be considered attorney advertising in some jurisdictions under the applicable law and ethical rules.
EBON Ratings Summary
EBON Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission