{"id":472346,"date":"2021-04-07T00:11:08","date_gmt":"2021-04-07T04:11:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=472346"},"modified":"2021-04-07T00:11:08","modified_gmt":"2021-04-07T04:11:08","slug":"ebang-international-responds-to-short-seller-report","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-responds-to-short-seller-report\/","title":{"rendered":"Ebang International Responds to Short Seller Report"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HANGZHOU, China, April  06, 2021  (GLOBE NEWSWIRE) &#8212; Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany\u201d), a blockchain technology company, today issued the following statement in response to the short seller report issued by Hindenburg Research (the \u201cHindenburg Report\u201d), a short selling research firm, on April 6, 2021.<\/p>\n<p align=\"justify\">Based on the review by the Company\u2019s management team, we believe that the Hindenburg Report contain many errors, unsupported speculations and inaccurate interpretations of events.\u00a0\u00a0 The Company\u2019s Board of Directors has also been made aware of the Hindenburg Report. The Board, together with its Audit Committee, intends to further review and examine the allegations and misinformation therein and will take whatever necessary and appropriate actions may be required to protect the interest of its shareholders. \u00a0<\/p>\n<p align=\"justify\">The Company endeavors to provide full and accurate disclosure to investors and rebut any false claims that attempt to impair market confidence in EBON&#8217;s business, operations and financial statements. The Company is committed to maintaining the highest standards of corporate governance, as well as transparent and timely disclosure in compliance with the applicable rules and regulations of the United States Securities and Exchange Commission and the Nasdaq Exchange.<\/p>\n<p align=\"justify\">\n        <strong>About Ebang International Holdings Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capability. With years of industry experience and expertise in ASIC chip design, it has become a leading bitcoin mining machine producer in the global market with steady access to wafer foundry capacity. With its licensed or registered entities in various jurisdictions, the Company seeks to launch a professional, convenient and innovative digital asset financial service platform to expand into the upstream and the downstream of blockchain and cryptocurrency industry value chain. For more information, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cRco1P6DM017xbmOpg2WAWafcbp8a4S4hZ9xwQ_oya7SkhAHmFV-hItR97hK0pw3M1rKDJ2Wxv0INCBKYE8xcHicPaEZiZYr_iKUbyXiLIwkJyxbFcbulLefGwxOQ8Fah4Lsd8dWFsm9XQX6Mq8O443a6elOfEgsurCvZgWYg33yeat3YbwwUkrLKCWoiFsPJarULDCNZ5CzMpJYhtkrqTZrRpkDGK0O-7j2w5R_-aN7iDy4qpwSzMc5GNc5BqxxL_HzMXvcE_0iJ9v_R2_HFQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><strong>https:\/\/ir.ebang.com.cn\/<\/strong><\/a>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Safe Harbor Statement<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company\u2019s development plans and business outlook, which can be identified by terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201caims,\u201d \u201cpotential,\u201d \u201cfuture,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201ccontinue,\u201d \u201clikely to\u201d and other similar expressions. Such statements are not historical facts, and are based upon the Company\u2019s current beliefs, plans and expectations, and the current market and operating conditions. Forward-looking statements involve inherent known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company\u2019s control, which may cause the Company\u2019s actual results, performance and achievements to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks, uncertainties or factors is included in the Company&#8217;s filings with the U.S. Securities and Exchange Commission. These forward-looking statements are made only as of the date indicated, and the Company undertakes no obligation to update or revise the information contained in any forward-looking statements as a result of new information, future events or otherwise, except as required under applicable law.<\/em>\n      <\/p>\n<p align=\"justify\">\n        <strong>Investor Relations Contact<\/strong>\n      <\/p>\n<p align=\"justify\">For investor and media inquiries, please contact:<\/p>\n<p align=\"justify\">Ebang International Holdings Inc.<br \/>Email:\u00a0<strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=MEhqogM0khXogsNaxTagOHI-mYMpJfbbL-e-B3CwEM_2WhAMNmmmcKi64c3mo30Dih0UvYYba4kZyoovPvaKyQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@ebang.com.cn<\/a>\u00a0<\/strong><\/p>\n<p align=\"justify\">Ascent Investor Relations LLC<br \/>Ms. Tina Xiao<br \/>Tel: (917) 609-0333<br \/>Email:\u00a0<strong><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=I9UQU2q8pMCh_viFU3LsIeHVJ7W-ZN5oDzGuN1hm3tW9Pr5t0d1Am1uO_O0KHSXFp0hKkZ_ONt0-FrNpSTaP9qCQARrfH0YSADOWB8Vq3Iw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">tina.xiao@ascent-ir.com<\/a>\u00a0<\/strong>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMjY5MSM0MTA5MjE1IzIxOTc1MDU=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/f022783e-d94b-4ca1-b50c-ed412e0794f8\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HANGZHOU, China, April 06, 2021 (GLOBE NEWSWIRE) &#8212; Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany\u201d), a blockchain technology company, today issued the following statement in response to the short seller report issued by Hindenburg Research (the \u201cHindenburg Report\u201d), a short selling research firm, on April 6, 2021. Based on the review by the Company\u2019s management team, we believe that the Hindenburg Report contain many errors, unsupported speculations and inaccurate interpretations of events.\u00a0\u00a0 The Company\u2019s Board of Directors has also been made aware of the Hindenburg Report. The Board, together with its Audit Committee, intends to further review and examine the allegations and misinformation therein and will take whatever necessary and appropriate actions may be required to protect the interest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-responds-to-short-seller-report\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ebang International Responds to Short Seller Report&#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-472346","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>Ebang International Responds to Short Seller Report - 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\/ebang-international-responds-to-short-seller-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ebang International Responds to Short Seller Report - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HANGZHOU, China, April 06, 2021 (GLOBE NEWSWIRE) &#8212; Ebang International Holdings Inc. (Nasdaq: EBON, the \u201cCompany\u201d), a blockchain technology company, today issued the following statement in response to the short seller report issued by Hindenburg Research (the \u201cHindenburg Report\u201d), a short selling research firm, on April 6, 2021. Based on the review by the Company\u2019s management team, we believe that the Hindenburg Report contain many errors, unsupported speculations and inaccurate interpretations of events.\u00a0\u00a0 The Company\u2019s Board of Directors has also been made aware of the Hindenburg Report. The Board, together with its Audit Committee, intends to further review and examine the allegations and misinformation therein and will take whatever necessary and appropriate actions may be required to protect the interest &hellip; Continue reading &quot;Ebang International Responds to Short Seller Report&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ebang-international-responds-to-short-seller-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-07T04:11:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMjY5MSM0MTA5MjE1IzIxOTc1MDU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ebang-international-responds-to-short-seller-report\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ebang-international-responds-to-short-seller-report\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ebang International Responds to Short Seller Report\",\"datePublished\":\"2021-04-07T04:11:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ebang-international-responds-to-short-seller-report\\\/\"},\"wordCount\":549,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ebang-international-responds-to-short-seller-report\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMjY5MSM0MTA5MjE1IzIxOTc1MDU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ebang-international-responds-to-short-seller-report\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ebang-international-responds-to-short-seller-report\\\/\",\"name\":\"Ebang International Responds to Short Seller Report - 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