17 Education & Technology Group Inc. (YQ)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of 17 Education & Technology Group Inc. ("17 E&T" or "the Company") (NASDAQ: YQ). Investors who purchased 17 E&T securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether 17 E&T and certain of its officers and/or directors have violated federal securities laws.
On or around December 4, 2020, 17 E&T conducted its initial public offering, selling 27.4 million American Depositary Shares (“ADSs”) priced at $10.50 per ADS. Then, on June 10, 2022, 17 E&T announced its first quarter financial results, reporting a net loss of $3.9 million alongside a nearly 50% fall in revenue from the prior year to $36.82 million. On this news, 17 E&T’s stock price fell $1.65 per share, or 21.31%, to close at $2.40 per share on June 10, 2022.
If you are aware of any facts relating to this investigation or purchased 17 E&T shares you can assist this investigation. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC represents investors in securities fraud class actions and shareholder derivative suits. The firm has recovered hundreds of millions of dollars for investors nationwide. Attorney advertising. Prior results do not guarantee similar outcomes.