NEW YORK, May 11, 2022 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against IonQ, Inc. (NYSE: IONQ), First High-School Education Group Co., Ltd. (NYSE: FHS), and Enservco Corp. (NYSE: ENSV). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided.
IonQ, Inc. (NYSE: IONQ)
On May 3, 2022, Scorpion Capital released a 183-page short report regarding IonQ’s management, operations, and business. The Scorpion Capital report stated that “We conducted 25 research interviews including 7 former employees and executives; 11 leading quantum computing experts including seminal names in the field, some who have published papers with IonQ’s founders and are intimately familiar with its technology; and 5 of its key “customers” and partners. We believe our research represents the most in-depth due diligence to date on IonQ, leading us to conclude it is just another VC-backed SPAC scam.”
Following this news, IonQ’s stock closed down 9.03%, to close at $7.15 per share on May 3, 2022.
For more information on the IonQ investigation go to: https://bespc.com/cases/IONQ
First High-School Education Group Co., Ltd. (NYSE: FHS)
On or around March 11, 2021, First High-School Education conducted its initial public offering ("IPO"), and the company sold 7.5 million shares for $10.00.
The investigation seeks to determine whether the Company's filings with the U.S. Securities and Exchange Commission in connection with its March 2021 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.
Since the IPO the stock has plummeted and on April 6, 2022, First High-School Education stock closed at $1.43.
For more information on the First High-School investigation go to: https://bespc.com/cases/FHS
Enservco Corp. (NYSE: ENSV)
On April 18, 2022, Enservco disclosed in a filing with the U.S. Securities and Exchange Commission that it had “concluded that the Company’s previously issued condensed consolidated financial statements as of and for the quarters ended March 31, 2021, June 30, 2021 and September 30, 2021 (collectively, the ‘Relevant Periods’) should no longer be relied upon due to the Company’s utilization of certain deferred tax liabilities in 2021” and that “[t]he Company intends to amend its Quarterly Reports on Form 10-Q for the Relevant Periods to reflect restatements of its condensed consolidated financial statements for the Relevant Period.”
On this news, Enservco’s stock price fell sharply during intraday trading on April 19, 2022.
For more information on the Enservco investigation go to: https://bespc.com/cases/ENSV
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact Information:
Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
investigations@bespc.com
www.bespc.com
