QK Alert: Johnson Fistel Launches Investigation into Q&K International - Stock Price has Plummeted Since IPO; Investors Suffering Losses Encouraged to Contact the Firm
QK Alert: Johnson Fistel Launches Investigation into Q&K International - Stock Price has Plummeted Since IPO; Investors Suffering Losses Encouraged to Contact the Firm |
[01-December-2020] |
SAN DIEGO, Dec. 1, 2020 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Q&K International Group Limited ("Q&K" or the "Company") (NASDAQ: QK) for violations of federal securities laws. On or about November 5, 2019, Q&K sold about 2.7 million shares of stock in its initial public stock offering (the "IPO") at $17.00 a share, raising nearly $50 million in new capital. On November 30, 2020, the stock closed at $3.65. Specifically, Johnson Fistel's investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its November 2019 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's business, and operations. If you have information that could assist in this investigation, or if you are a Q&K shareholder and are interested in learning more about the investigation, please contact Jim Baker (jimb@johnsonfistel.com) at 619-814-4471. If emailing, please include a phone number. Additionally, you can [Click here to join this action]. There is no cost or obligation to you. About Johnson Fistel, LLP: Contact: [Click here to join this action]
SOURCE Johnson Fistel, LLP | ||
Company Codes: NASDAQ-NMS:QK |
© 2020 PR Newswire. All Rights Reserved.