An investigation for investors in 36Kr Holdings Inc. (NASDAQ:KRKR) shares over potential securities laws violations by 36Kr Holdings Inc. was announced.
San Diego, CA -- (SBWIRE) -- 08/21/2020 -- An investigation was announced concerning potential securities laws violations by 36Kr Holdings Inc. in connection with certain financial statements.
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.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , 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, investigation, and/or settlements are not filed/reached and/or 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.