Press release
Investigation announced for Investors in shares of 36Kr Holdings Inc. (NASDAQ: KRKR)
An investigation for investors in 36Kr Holdings Inc. (NASDAQ: KRKR) shares over potential securities laws violations.
Investors who purchased shares of 36Kr Holdings Inc. (NASDAQ: KRKR), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by 36Kr Holdings Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On or about November 8, 2019, 36Kr sold about 1.4 million shares of stock in its initial public stock offering (the "IPO"), at $14.50 a share raising nearly $20.5 million in new capital.
36Kr Holdings Inc. reported that its annual Total Revenue rose from 299.09 million CNY in 2018 to 655.60 million CNY in 2019 and that its Net Income of 40.51 million CNY in 2018 turned into a Net Loss of 25.75 million CNY in 2019.
Since the IPO, shares of 36Kr Holdings Inc. (NASDAQ: KRKR) declined to as low as $3.21 per share in late July 2020.
Those who purchased shares of 36Kr Holdings Inc. (NASDAQ: KRKR) have certain options and should contact the Shareholders Foundation.
Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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