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Radnor, Pennsylvania, January 2, 2022 /PRNewswire/ – Law Firm Kessler Topaz Meltzer & Check, LLP Notify investors that Cloopen Group Holding Limited (“Cloopen”) (NYSE stock code:RAAS). The lawsuit accuses Cloopen of violating federal securities laws, including omissions and fraudulent misrepresentations related to the company’s business, operations, and prospects. Due to Cloopen’s material misleading statement to the public, Cloopen investors suffered heavy losses.
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click here Submit your Cloopen loss
Deadline for lead plaintiff: February 8, 2022
class time: February 9, 2021 pass through May 10, 2021
Contact a lawyer to discuss your rights:
James Marlow, Esq. (484) 270-1453 or free (844) 887-9500 or email to info@ktmc.com
Cloopen’s Suspected misconduct
Cloopen provides cloud-based communication solutions that allow application programming interfaces and software development kits to embed messaging, voice calls, audio and video, instant messaging, and other communications into enterprise applications, services, and/or business processes .
exist February 9, 2021, Cloopen conducted an initial public offering (“IPO”) and sold 23 million American Depositary Shares (“ADS”) 16.00 USD Every ad.Then, in March 26, 2021, Cloopen announced its financial results as of the fourth quarter of 2020 December 31, 2020. Cloopen reports revenue only 39.6 million USD (US$2 million Below analyst consensus), and net loss 46.8 million USD (A year-on-year increase of 466.9%), and…
The full story can be found on Benzinga.com
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