NEW YORK, May well 06, 2022 (World NEWSWIRE) — Pomerantz LLP is investigating promises on behalf of buyers of Singularity Potential Engineering Ltd. (“Singularity” or the “Company”) (NASDAQ: SGLY). Such traders are advised to make contact with Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation issues no matter whether Singularity Sirona and certain of its officers and/or directors have engaged in securities fraud or other unlawful business procedures.
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On May possibly 5, 2022, Hindenburg Analysis (“Hindenburg”) published a report entitled “Singularity Long term Technologies: This Nasdaq-Outlined Company’s CEO Is A Fugitive, On The Operate For Allegedly Operating A Massive Ponzi Scheme.” The Hindenburg report alleged, between other things, that “Singularity’s CEO, Yang Jie, is a fugitive on the operate from Chinese authorities for working an alleged $300 million Ponzi scheme that lured in over 20,000 victims” and “fled to the U.S. while at minimum 28 other individuals concerned in the situation ended up sentenced to jail phrases ranging from 6 months to 15 many years.” The Hindenburg report additional alleged that “Singularity’s substantial [cryptocurrency] mining rig offer appears to be a brazen undisclosed relevant get together deal” and that “[w]e see minor evidence that Singularity’s ‘proprietary’ crypto mining rigs ever existed in the first location. The shots and descriptions of Singularity’s miners match precisely with an additional brand known as KOI Miner.”
On this information, Singularity’s inventory value fell $1.95 for every share, or 28.89%, to near at $4.80 for every share on May well 5, 2022.
Pomerantz LLP, with workplaces in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as a single of the premier corporations in the places of company, securities, and antitrust course litigation. Founded by the late Abraham L. Pomerantz, acknowledged as the dean of the course motion bar, Pomerantz pioneered the field of securities course actions. Currently, additional than 85 many years later on, Pomerantz continues in the tradition he established, battling for the legal rights of the victims of securities fraud, breaches of fiduciary obligation, and corporate misconduct. The Organization has recovered various multimillion-greenback damages awards on behalf of class users. See www.pomlaw.com.
Robert S. Willoughby
888-476-6529 ext. 7980