The Law Offices of Frank R. Cruz announces an investigation of 17 Education & Technology Group Inc. (“17 E&T” or the “Company”) (NASDAQ: YQ) on behalf of investors concerning the Company’s possible violations of federal securities laws.
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On June 10, 2022, 17 E&T announced its first quarter financial results, disclosing a net loss of $3.9 million on sales of $36.82 million – a nearly 50% loss in revenue from the previous year.
On this news, the Company’s shares fell $0.65, or 21.3%, to close at $2.40 on June 10, 2022, thereby injuring investors.
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If you purchased 17 E&T securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20220711005867/en/
Contacts
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz, 310-914-5007
fcruz@frankcruzlaw.com
www.frankcruzlaw.com
