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LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

Immunovant, Inc. (NASDAQ: IMVT)
Class Period: October 2, 2019 – February 1, 2021
Lead Plaintiff Deadline: April 20, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) HSAC had performed inadequate due diligence into Legacy Immunovant prior to the Merger, and/or ignored or failed to disclose safety issues associated with IMVT-1401; (2) IMVT-1401 was less safe than the Company had led investors to believe, particularly with respect to treating TED and WAIHA; (3) the foregoing foreseeably diminished IMVT-1401’s prospects for regulatory approval, commercial viability, and profitability; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Ebix, Inc. (NASDAQ: EBIX)
Class Period: November 9, 2020 – February 19, 2021
Lead Plaintiff Deadline: April 23, 2021

Throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that there was insufficient audit evidence to determine the business purpose of certain significant unusual transactions in Ebix’s gift card business in India during the fourth quarter of 2020; (2) that there was a material weakness in the Company’s internal controls over the gift or prepaid revenue transaction cycle; and (3) that the Company’s independent auditor was reasonably likely to resign over disagreements with Ebix regarding $30 million that had been transferred into a commingled trust account of Ebix’s outside legal counsel; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Apache Corporation (NASDAQ: APA)
Class Period: September 7, 2016 – March 13, 2020
Lead Plaintiff Deadline: April 26, 2021

Shareholders with $400,000 losses or more are encouraged to contact the firm

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Apache intentionally used unrealistic assumptions regarding the amount and composition of available oil and gas in Alpine High; (2) Apache did not have the proper infrastructure in place to safely and/or economically drill and/or transport those resources even if they existed in the amounts purported; (3) these misleading statements and omissions artificially inflated the value of Apaches operations in the Permian Basin; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

MultiPlan Corporation f/k/a Churchill Capital Corp. III (NYSE: MPLN)
Class Period: July 12, 2020 – November 10, 2020
Lead Plaintiff Deadline: April 26, 2021

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that MultiPlan was losing tens of millions of dollars in sales and revenues to Naviguard, a competitor created by one of MultiPlan’s largest customers, UnitedHealthcare, which threatened up to 35% of MultiPlan’s sales and 80% of its levered cash flows by 2022; (2) that sales and revenue declines in the quarters leading up to the Merger were not due to “idiosyncratic” customer behaviors as represented, but rather due to a fundamental deterioration in demand for MultiPlan’s services and increased competition, as payors developed competing services and sought alternatives to eliminating excessive healthcare costs; (3) that MultiPlan was facing significant pricing pressures for its services and had been forced to materially reduce its take rate in the lead up to the Merger by insurers, who had expressed dissatisfaction with the price and quality of MultiPlan’s services and balanced billing practices, causing MultiPlan to cut its take rate by up to half in some cases; (4) that, as a result of the foregoing, MultiPlan was set to continue to suffer from revenues and earnings declines, increased competition and deteriorating pricing dynamics following the Merger; (5) that, as a result of the foregoing, MultiPlan was forced to seek continued revenue growth and to improve its competitive positioning through pricey acquisitions, including through the purchase of the healthcare technology company HST for $140 million at a premium price from a former MultiPlan executive only one month after the Merger; and (6) that, as a result of the foregoing, Churchill III investors had grossly overpaid for the acquisition of MultiPlan in the Merger, and MultiPlan’s business was worth far less than represented to investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com.   If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com

LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies.  Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact The Law Offices of Frank R. Cruz to discuss their legal rights in these class actions at 310-914-5007 or by email to [email protected].

bluebird bio, Inc. (NASDAQ: BLUE)
Class Period:   May 11, 2020 – November 4, 2020
Lead Plaintiff Deadline: April 13, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) data supporting bluebird’s BLA submission for LentiGlobin for SCD was insufficient to demonstrate drug product comparability; (2) Defendants downplayed the foreseeable impact of disruptions related to the COVID-19 pandemic on the Company’s BLA submission schedule for LentiGlobin for SCD, particularly with respect to manufacturing; (3) as a result of all the foregoing, it was foreseeable that the Company would not submit the BLA for LentiGlobin for SCD in the second half of 2021; and (4) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

EHang Holdings Limited (NASDAQ: EH)
Class Period: December 12, 2019 – February 16, 2021
Lead Plaintiff Deadline: April 19, 2021

Shareholders with $10,000 losses or more are encouraged to contact the firm

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s purported regulatory approvals in Europe and North America for its EH216 were for use as a drone, and not for carrying passengers; (2) its relationship with its purported primary customer is a sham; (3) EHang has only collected on a fraction of its reported sales since its ADS began trading on NASDAQ in December 2019; (4) the Company’s manufacturing facilities were practically empty and lacked evidence of advanced manufacturing equipment or employees; and (5) as a result, Defendants’ statements about its business, operations, and prospects were materially false and misleading and/or lacked reasonable basis at all relevant times.

Jianpu Technology, Inc. (NYSE: JT)
Class Period: May 29, 2018 – February 16, 2021
Lead Plaintiff Deadline: April 19, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that certain of the Company’s transactions carried out by the Credit Card Recommendation Business Unit involved undisclosed relationships or lacked business substance; (2) that, as a result, Jianpu’s revenue and costs and expenses for fiscal 2018 and 2019 were overstated; (3) that there were material weaknesses in Jianpu’s internal control over financial reporting; (4) that, as a result of the foregoing, the Company’s fiscal 2018 Form 20-F was reasonably likely to be restated; and (5) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com.   If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
[email protected]
www.frankcruzlaw.com

Toronto, Ontario, March 16, 2021 (GLOBE NEWSWIRE) — OCAD University has received a generous gift of $100,000 from The Schulich Foundation to establish two annual awards recognizing the achievement of students in the Faculty of Design. 

The Schulich Leader Award in Graphic Design and the Schulich Leader Award in Illustration will be bestowed annually on the top fourth-year student in each program. Each award has a value of $10,000, and a total of 10 students will receive the award over the next five years. Recipients will be selected by a jury through a competitive process that evaluates their talent and overall record of achievement in the Faculty of Design. 

Making the transition from academic studies to a rewarding career can be challenging, and the economic climate brought on by the COVID-19 pandemic has made it even more difficult. The goal of the Schulich Leader Awards program is to provide financial support for exceptional students completing their formal studies and embarking on their careers. 

“We are very grateful to The Schulich Foundation for this generous gift, which will provide critical financial support for high-achieving students as they prepare to launch successful careers in their chosen fields,” says Ana Serrano, OCAD University’s President and Vice-Chancellor. “These awards not only honour the passion, hard work and commitment of these students throughout their four years of study at OCAD U, but also help to motivate and inspire all of us to celebrate the talent in our community.” 

“We are excited to recognize top creators in the fields of Graphic Design and Illustration. The inaugural winners will have a big impact on making our experiences more vibrant and using their imaginations to excite us. We look forward to celebrating their success,” says Judy Schulich of The Schulich Foundation, one of Canada’s largest philanthropic foundations, having donated in excess of $350 million. 

Seymour Schulich, who established and funds the foundation, is a champion for education in Canada and around the world. The foundation awards over 6,000 scholarships annually, including the Schulich Leader Scholarship Program, which awards $100,000 undergraduate STEM scholarships to 100 students across Canada each year.

OCAD U will announce the winners of the inaugural Schulich Leader Awards in May 2021.

– 30 – 

Attachment

• Schulich_GraphicDesign-Illustration-V4

BENSALEM, Pa., March 16, 2021 (GLOBE NEWSWIRE) — Law Offices of Howard G. Smith reminds investors that class action lawsuits have been filed on behalf of shareholders of the following publicly-traded companies. Investors have until the deadlines listed below to file a lead plaintiff motion.

Investors suffering losses on their investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in these class actions at 888-638-4847 or by email to [email protected].

9F Inc. (NASDAQ: JFU)
Class Period: August 14, 2019 – September 29, 2020
Lead Plaintiff Deadline: March 22, 2021

The complaint filed alleges that Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the purported value and benefits of the Company’s financial institution partners and its tri-party cooperation business model did not in fact exist and/or were materially overstated, given that 9F and PICC had been engaged in an ongoing contractual dispute regarding payment of service fees under the Cooperation Agreement; (2) the collectability of service fees owed to 9F by PICC under the Cooperation Agreement was in doubt and at serious risk of non-payment; (3) there was a significant risk that PICC would no longer provide credit insurance and guarantee protection to investors and institutional funding partners; and (4) as a result of the foregoing, the Company’s platform, business model, reputation and financial results had been materially impaired.

iRhythm Technologies, Inc. (NASDAQ: IRTC)
Class Period: August 4, 2020 – January 28, 2021
Lead Plaintiff Deadline: April 2, 2021

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) iRhythm’s business would suffer as a result of the CMS’ rulemaking; (2) reimbursement rates would in fact plummet; (3) a lack of national pricing in the CMS rule and fee schedule would cause uncertainty and weakness in the Company’s business; and (4) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Tyson Foods, Inc. (NYSE: TSN)
Class Period: March 13, 2020 – December 15, 2020
Lead Plaintiff Deadline: April 5, 2021

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Tyson knew, or should have known, that the highly contagious coronavirus was spreading throughout the globe; (2) Tyson did not in fact have sufficient safety protocols to protect its employees in its facilities; (3) as a result, Tyson employees contracted and spread the coronavirus within the facilities; (4) as a result of the foregoing, Tyson would face negative impact to its production, including complete shutdowns of certain facilities; (5) due to the failure to protect its employees, Tyson would suffer financial harm related to its lowered production; and (6) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.

Clover Health Investments, Corp. (NASDAQ: CLOV, CLOVW)
Class Period: October 6, 2020 – February 4, 2021
Lead Plaintiff Deadline: April 6, 2021

The complaint filed alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company’s Clover Assistant platform was under active investigation by the DOJ for at least 12 issues ranging from kickbacks to marketing practices to undisclosed third-party deals; (2) the DOJ’s investigation presented an existential risk to the Company, since it derives most of its revenues from Medicare; (3) Clover’s sales were driven by a major undisclosed related party deal and misleading marketing targeting the elderly, not its purported “best-in-class” technology; (4) a significant portion of Clover’s sales were by way of an undisclosed relationship between Clover and an outside brokerage firm controlled by Clover’s Head of Sales; and (5) as a result, Defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

To be a member of these class actions, you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about these class actions, or if you 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 [email protected], 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.

Contacts

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
[email protected]
www.howardsmithlaw.com

LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming March 22, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired CleanSpark, Inc. (“CleanSpark” or the “Company”) (NASDAQ: CLSK) securities between December 31, 2020 and January 14, 2021, inclusive (the “Class Period”).

If you suffered a loss on your CleanSpark investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/cleanspark-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On January 14, 2021, Culper Research published a report titled “Cleanspark (CLSK): Back to the Trash Can,” alleging, among other things, that CleanSpark has “fabricated key elements of its business, including purported customers and contracts” and is also “rife with undisclosed related party transactions.”

On this news, the Company’s share fell $3.63 per share, or 9%, to close at $35.71 per share on January 14, 2021, thereby injuring investors. The stock continued to decline the next trading session by $4.56, or 13%, to close at $31.15 per share on January 15, 2021.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that the Company had overstated its customer and contract figures; (2) that several of the Company’s recent acquisitions involved undisclosed related party transactions; and (3) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired CleanSpark securities during the Class Period, you may move the Court no later than March 22, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

FREMONT, Calif., March 16, 2021 (GLOBE NEWSWIRE) — Corsair Gaming, Inc. (NASDAQ:CRSR) (“CORSAIR”), a world leader in high-performance gear for gamers, creators, and PC builders, today announced a new series of models in the acclaimed CORSAIR VENGEANCE i7200 Series of fully-built gaming PCs. Now equipped with a cutting-edge 11th Gen Intel® Core™ CPU, these powerful systems feature the raw speed and ray-tracing power of NVIDIA® GeForce RTX™ 3000-Series GPUs. VENGEANCE i7200 systems are completed with a full array of award-winning CORSAIR components in an airflow-optimized CORSAIR 4000D AIRFLOW mid-tower case, to help you step up your game, whatever you do.

The 11th generation of Intel Core processors is here, delivering blazing-fast frequencies and the processing power to push the limits of your gaming, streaming, and more. Available in configurations with up to an Intel Core™ i9 11900K CPU, the new CORSAIR VENGEANCE i7200 Series can power through complex content creation, extreme gaming, and demanding applications with ease. Fantastic 3D rendering and content creation performance is driven by the incredible power of NVIDIA® GeForce RTX™ 3000-Series graphics, up to a GeForce RTX 3090, for amazingly lifelike visuals. NVIDIA DLSS 2.0 AI technology boosts frame rates, producing silky-smooth image quality even when playing at maximum detail at 4K settings.

The VENGEANCE i7200 Series is equipped to game and stream effortlessly with the custom-tuned, low-noise cooling and unmistakable RGB lighting CORSAIR is renowned for, all in a versatile 4000D AIRFLOW mid-tower case. Featuring an H100i RGB PRO XT cooler to tame the heat of its Intel Core i9 processor and six SP RGB ELITE fans with AirGuide technology for efficient directed airflow, the VENGEANCE i7200 Series comes complete with VENGEANCE RGB PRO DDR4 memory optimized for your Intel system, an 80 PLUS Gold power supply, and a high-capacity M.2 NVMe SSD.

With updated configurations featuring the most advanced Intel processors and NVIDIA graphics, the CORSAIR VENGEANCE i7200 Series sets the bar higher still for gaming and streaming-ready CORSAIR PCs.

Availability, Warranty, and Pricing

The CORSAIR VENGEANCE i7200 Series is available immediately from the CORSAIR webstore and the CORSAIR network of authorized retailers and distributors in the United States.

The CORSAIR VENGEANCE i7200 Series is backed by a two-year warranty, alongside the CORSAIR worldwide customer service and technical support network.

For up-to-date pricing of the CORSAIR VENGEANCE i7200 Series, please refer to the CORSAIR website or contact your local CORSAIR sales or PR representative.

Web Pages

To learn more about the CORSAIR VENGEANCE i7200 Series, please visit:
http://corsair.com/vengeance-i7200

For a complete list of all CORSAIR systems, please visit:
http://corsair.com/gaming-pcs

Product Images

High-resolution images of the CORSAIR VENGEANCE i7200 Series can be found at the link below:
https://corsair.sharepoint.com/:f:/s/MarketingCommunications/EhPuBuIu4QJPvKN5uLIEYfEBWrU3ciUPx_fBxbPMBNXakg?e=KqrGtI

About CORSAIR

CORSAIR (NASDAQ:CRSR) is a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts. From award-winning PC components and peripherals, to premium streaming equipment and smart ambient lighting, CORSAIR delivers a full ecosystem of products that work together to enable everyone, from casual gamers to committed professionals, to perform at their very best.

CORSAIR also includes subsidiary brands Elgato, which provides premium studio equipment and accessories for content creators, SCUF Gaming, which builds custom-designed controllers for competitive gamers, and ORIGIN PC, a builder of custom gaming and workstation desktop PCs and laptops.

Copyright © 2021 Corsair Memory, Inc. All rights reserved. CORSAIR, the sails logo, and Vengeance are registered trademarks of CORSAIR in the United States and/or other countries. All other company and/or product names may be trade names, trademarks, and/or registered trademarks of the respective owners with which they are associated. Features, pricing, availability, and specifications are subject to change without notice.

Source: Corsair Gaming Inc.

Media:


Adrian Bedggood
[email protected]
510-657-8747
+44-7989-258827

Investor Relations:


Ronald van Veen
[email protected]
510-578-1407

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/c2ac72ff-96a5-4aec-9e89-a659bec35556

https://www.globenewswire.com/NewsRoom/AttachmentNg/26f8d91d-eae0-4183-99b3-b316f5f75ee8

LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) — Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming March 22, 2021 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Bit Digital Inc. (“Bit Digital” or the “Company”) (NASDAQ: BTBT) securities between December 21, 2020 and January 8, 2021, inclusive (the “Class Period”).

If you suffered a loss on your Bit Digital investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at https://www.glancylaw.com/cases/bit-digital-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

On January 11, 2021, J Capital Research issued a research report alleging, among other things, that Bit Digital operates “a fake crypto currency business” “designed to steal funds from investors.” Though the Company claims “it was operating 22,869 bitcoin miners in China,” J Capital alleged that “is simply not possible” and stated that “[w]e verified with local governments supposedly hosting the BTBT mining operation that there are no bitcoin miners there.”

On this news, Bit Digital’s stock price fell $6.27 per share, or 25%, to close at $18.76 per share on January 11, 2021, on unusually heavy trading volume.

Throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that Bit Digital overstated the extent of its a bitcoin mining operation; and (2) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

Follow us for updates on LinkedIn, Twitter, or Facebook.

If you purchased or otherwise acquired Bit Digital securities during the Class Period, you may move the Court no later than March 22, 2021 to request appointment as lead plaintiff in this putative class action lawsuit. To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action. If you wish to learn more about this class action, or if you have any questions concerning this announcement or your rights or interests with respect to the pending class action lawsuit, please contact Charles Linehan, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to [email protected], or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Glancy Prongay & Murray LLP, Los Angeles
Charles Linehan, 310-201-9150 or 888-773-9224
[email protected]
www.glancylaw.com

PALO ALTO, Calif., March 16, 2021 (GLOBE NEWSWIRE) — Docker, Inc.™, a leading provider of collaborative application development platforms for development teams, today announced $23 million in Series B funding led by Silicon Valley venture capital firm Tribe Capital, with participation from existing investors Benchmark and Insight Partners. This round brings Docker’s total funding to $58 million.¹ Tribe Capital Co-Founder and Partner Arjun Sethi will join Docker’s Board of Directors. The investment will be used to drive further product innovation for millions of developers who rely on Docker for simplicity, choice and speed when building modern applications.

“Docker’s innovative technology has played a critical role in our tech stack, and now it’s also earned a spot in our investment portfolio,” said Arjun Sethi of Tribe Capital. “Tribe focuses on identifying N-of-1 companies – top-decile private tech firms that are exhibiting inflection points in their growth, with the potential to scale towards outsized outcomes with long-term venture capital. Docker fits squarely into this investment thesis, and we look forward to supporting its continued success.”

The funding comes after a year of accelerating momentum for Docker, including year-over-year ARR growth of 170%. Nearly 7.5 million developers and development teams, including those at Netflix, Wachovia and Orbital Sciences, rely on Docker to quickly and collaboratively build and share applications that can run anywhere. Docker adoption remains significant among developers with approximately 30 billion image pulls on Docker in the fourth quarter alone. Additionally, Docker was named the #1 most-wanted platform and #2 most-loved platform in the latest Stack Overflow Developer Survey.

Today’s developers are under pressure to build apps faster than ever before but face a complex application development landscape with a variety of languages, frameworks, microservices and architectures. The events of the past year have wrought even more demand for applications as essentially all businesses expedited their digital transformation initiatives to address new working environments. Docker’s collaborative application development platform accelerates software development from source code to cloud by uniquely simplifying developer workflows, providing trusted application components and integrating with leading developer tools that allow teams to rapidly create innovative applications.

“In the past year, applications have become paramount to not only all modern businesses but also as the primary means to connect society, all of which has greatly accelerated the need for developer velocity,” said Scott Johnston, CEO of Docker. “This new investment, combined with our user and ARR growth momentum, validates Docker’s mission of helping developers and development teams bring their ideas to life by conquering the complexity of app development.”

Additional Resources

• Read the blog post by Docker CEO Scott Johnston https://www.docker.com/blog/helping-dev-teams-get-ship-done/
• About Docker Leadership and Board of Directors https://www.docker.com/company
• Register for DockerCon Live, taking place May 27, 2021 https://www.docker.com/dockercon/

About Docker

Docker helps millions of developers efficiently and collaboratively build, share and run applications. The Docker collaborative application development platform provides developers with an unmatched experience for an integrated, reliable and secure workflow that accelerates app delivery from code to the cloud. Through a combination of the world’s largest marketplace of components and integrations with leading tools, Docker allows teams to rapidly create innovative applications. For more information, visit www.docker.com

About Tribe Capital

Tribe Capital is a team of Silicon Valley technologists and engineers who harness data science and leverage our hands-on operating experience to accomplish two goals: to identify the most significant companies of our generation, and to generate outsized returns by driving growth at each inflection point. The firm has approximately $500 million in assets under management and has made notable investments in Bolt, Carta, Front, Instabase, Momentus, and Relativity Space.

¹ In November 2019, Docker completed a recapitalization of its equity to position it for future growth, and secured $35 million in new financing https://www.docker.com/press-release/docker-new-direction