{"id":472328,"date":"2021-04-06T22:15:06","date_gmt":"2021-04-07T02:15:06","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472328"},"modified":"2021-04-06T22:15:06","modified_gmt":"2021-04-07T02:15:06","slug":"ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/","title":{"rendered":"(EBON) Alert: Did You Lose Money on Your Ebang Investment? Contact Johnson Fistel Regarding Investigation"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SAN DIEGO<\/span>, <span class=\"xn-chron\">April 6, 2021<\/span> \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Ebang International Holdings Inc.\u00a0(&#8220;Ebang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EBON). <\/p>\n<p>On or about <span class=\"xn-chron\">June 26, 2020<\/span>, Ebang sold about 19.3 million shares of stock in its initial public stock offering (the &#8220;IPO&#8221;) at <span class=\"xn-money\">$5.23<\/span> a share, raising nearly $101\u00a0million in new capital. <\/p>\n<p>On <span class=\"xn-chron\">April 6, 2021<\/span>, Hindenburg Research issued a report concerning Ebang wherein Hindenburg Research detailed a series of disturbing red flags about Ebang. Specifically,\u00a0the report stated, &#8220;While the company represented that it would use the majority of its numerous capital proceeds to develop its business operations, our research discovered it instead directed much of the cash out of the company through a series of opaque deals with insiders and questionable counterparties.&#8221;<\/p>\n<p>Following this news, the price of Ebang common shares fell 12.91% on <span class=\"xn-chron\">April 6, 2021<\/span>.<\/p>\n<p>Specifically, <span class=\"xn-person\">Johnson Fistel&#8217;s<\/span> investigation seeks to determine whether the Company&#8217;s filings with the U.S. Securities and Exchange Commission in connection with its <span class=\"xn-chron\">June 2020<\/span> IPO and subsequent investor communications contained untrue statements of material facts or omitted to state other facts necessary to make the statements made therein not misleading concerning the Company&#8217;s business, and operations.<\/p>\n<p>\n        <b>If you have information that could assist in this investigation, including past employees and others, or if you are an Ebang shareholder and are interested in learning more about the investigation, please contact <span class=\"xn-person\">Jim Baker<\/span> (<\/b><br \/>\n        <u><br \/>\n          <a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener noreferrer\">jimb@johnsonfistel.com<\/a><br \/>\n        <\/u><br \/>\n        <b>)\u00a0by email or phone at 619-814-4471. If emailing, please include a phone number. <\/b>\n      <\/p>\n<p>\n        <b>Additionally, you can [<\/b><br \/>\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3121123-1&amp;h=3410592537&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FEbangInternationalHoldingsInc&amp;a=click+here+to+join+this+action\" rel=\"nofollow noopener noreferrer\">click here to join this action<\/a>]. There is no cost or obligation to you.<\/b>\n      <\/p>\n<p>\n        <b>About <\/b><br \/>\n        <b><br \/>\n          <span class=\"xn-person\">Johnson Fistel<\/span>, LLP:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Johnson Fistel<\/span>, LLP is a nationally recognized shareholder rights law firm with offices in <span class=\"xn-location\">California<\/span>, <span class=\"xn-location\">New York<\/span> and <span class=\"xn-location\">Georgia<\/span>. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3121123-1&amp;h=812418047&amp;u=http%3A%2F%2Fwww.johnsonfistel.com%2F&amp;a=http%3A%2F%2Fwww.johnsonfistel.com\" rel=\"nofollow noopener noreferrer\">http:\/\/www.johnsonfistel.com<\/a><\/u>. Attorney advertising. Past results do not guarantee future outcomes.<\/p>\n<p>\n        <b>Contact:<\/b><br \/>\n        <br \/>\n        <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<br \/><span class=\"xn-person\">Jim Baker<\/span>, <a target=\"_blank\" href=\"tel:6198144471\" rel=\"nofollow noopener noreferrer\">619-814-4471<\/a><br \/><u><a target=\"_blank\" href=\"mailto:jimb@johnsonfistel.com\" rel=\"nofollow noopener noreferrer\">jimb@johnsonfistel.com<\/a><\/u><\/p>\n<p>\n        <b>[<\/b><br \/>\n        <b><br \/>\n          <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3121123-1&amp;h=3410592537&amp;u=https%3A%2F%2Fwww.cognitoforms.com%2FJohnsonFistel%2FEbangInternationalHoldingsInc&amp;a=click+here+to+join+this+action\" rel=\"nofollow noopener noreferrer\">click here to join this action<\/a>]<\/b>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH34504&amp;sd=2021-04-06\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation-301263639.html\">http:\/\/www.prnewswire.com\/news-releases\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation-301263639.html<\/a><\/p>\n<p>SOURCE  <span class=\"xn-person\">Johnson Fistel<\/span>, LLP<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=PH34504&amp;Transmission_Id=202104062211PR_NEWS_USPR_____PH34504&amp;DateId=20210406\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SAN DIEGO, April 6, 2021 \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Ebang International Holdings Inc.\u00a0(&#8220;Ebang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EBON). On or about June 26, 2020, Ebang sold about 19.3 million shares of stock in its initial public stock offering (the &#8220;IPO&#8221;) at $5.23 a share, raising nearly $101\u00a0million in new capital. On April 6, 2021, Hindenburg Research issued a report concerning Ebang wherein Hindenburg Research detailed a series of disturbing red flags about Ebang. Specifically,\u00a0the report stated, &#8220;While the company represented that it would use the majority of its numerous capital proceeds to develop its business operations, our research discovered it instead directed much &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;(EBON) Alert: Did You Lose Money on Your Ebang Investment? Contact Johnson Fistel Regarding Investigation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-472328","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>(EBON) Alert: Did You Lose Money on Your Ebang Investment? Contact Johnson Fistel Regarding Investigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"(EBON) Alert: Did You Lose Money on Your Ebang Investment? Contact Johnson Fistel Regarding Investigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SAN DIEGO, April 6, 2021 \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Ebang International Holdings Inc.\u00a0(&#8220;Ebang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EBON). On or about June 26, 2020, Ebang sold about 19.3 million shares of stock in its initial public stock offering (the &#8220;IPO&#8221;) at $5.23 a share, raising nearly $101\u00a0million in new capital. On April 6, 2021, Hindenburg Research issued a report concerning Ebang wherein Hindenburg Research detailed a series of disturbing red flags about Ebang. Specifically,\u00a0the report stated, &#8220;While the company represented that it would use the majority of its numerous capital proceeds to develop its business operations, our research discovered it instead directed much &hellip; Continue reading &quot;(EBON) Alert: Did You Lose Money on Your Ebang Investment? 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Contact Johnson Fistel Regarding Investigation - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/","og_locale":"en_US","og_type":"article","og_title":"(EBON) Alert: Did You Lose Money on Your Ebang Investment? Contact Johnson Fistel Regarding Investigation - Market Newsdesk","og_description":"PR Newswire SAN DIEGO, April 6, 2021 \/PRNewswire\/ &#8212; Shareholder rights law firm Johnson Fistel, LLP is investigating potential violations of the federal securities laws by Ebang International Holdings Inc.\u00a0(&#8220;Ebang&#8221; or the &#8220;Company&#8221;) (NASDAQ: EBON). 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Contact Johnson Fistel Regarding Investigation\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-07T02:15:06+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=PH34504&amp;sd=2021-04-06","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ebon-alert-did-you-lose-money-on-your-ebang-investment-contact-johnson-fistel-regarding-investigation\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"(EBON) Alert: Did You Lose Money on Your Ebang Investment? 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