Bensalem, Pennsylvania, June 25, 2021 / PRNewswire / -Law Firm Howard G. Smith Remind future investors August 9, 2021 RLX Technology Inc. (âRLXâ or âCompanyâ) (NYSE: RLX) Deadline for filing a claimant’s complaint in a proceeding filed on behalf of an investor who purchased US Depository Shares (âADSâ or âSharesâ) linked to RLX Can Go back to the registration notification form and the prospectus issued in January 2021 Initial public offering (âIPOâ).
Investors who lose money on RLX investments are advised to contact a law firm. Howard G. Smith To discuss their legal rights in this class action lawsuit at 888-638-4847 or email [email protected]
RLX claims to be “the # 1 branded electronic vaporizer company”. ChinaWe insist that this is the âgreatest potential marketâ.
AT January 2021, RLX proceeded to an IPO and sold approximately 116.5 million ADS. $ 12 About by ADS $ 1.4 billion With total income.
at March 22, 2021, Chinese The Ministry of Industry and Information Technology has released draft regulations confirming that electronic cigarettes and new tobacco products will be regulated in the same way as traditional tobacco products.
With this news, the RLX share price fell $ 9.31, Or 48%, close to $ 10.15 Per share March 22, 2021, which hurt investors.
following, June 2, 2021, We have announced the financial results for the first quarter of 2021, quarterly net sales have only increased by 48% and the forecast for the second quarter suggests that the gross margin remains “stable”. ..
With this news, the RLX share price fell $ 0.97Or close at almost 9% $ 9.90 Per share June 4, 2021, Which causes further damage to investors. Our action is at least negotiated $ 7.89 32% less per ADS or IPO price.
In the complaint, the defendant exaggerated certain financial indicators and regulators China We were already working on the national standard for electronic cigarettes, which regulates electronic cigarettes in the same way as regular cigarettes.
If you have bought or obtained a traceable RLXADS in accordance with an IPO, you can go to court at the latest. August 9, 2021 Ask the court to appoint you as the principal plaintiff if you meet certain legal conditions. No action is required at this time to become a member of a class action. You can retain the services of a lawyer of your choice or take no action and remain an absent member of a class action. If you would like to know more about this class action lawsuit, or if you have any questions regarding this announcement or your rights or interests in any of these areas, please contact us. Howard G. Smith, squireFrom the law firm Howard G. Smith, 3070 Bristol Pike, office 112, Bensalem, Pennsylvania 19020, by phone (215) 638-4847, toll free (888) 638-4847, or by email [email protected] or visit our website. www.howardsmithlaw.com ..
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable laws and ethical rules.
Law office Howard G. Smith
Howard G. Smith, squire
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Deadline reminder: Howard G. Smith law firm advises investors that a class action lawsuit against RLX Technology Inc. (RLX) is approaching.
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