Company: Pintec Technology Holdings Limited
Kaskela Law LLC is investigating Pintec Technology Holdings Limited (“Pintec” or the “Company”) (NASDAQ: PT) on behalf of the Company’s investors. The investigation seeks to determine whether Pintec violated the federal securities laws in connection with and following its initial public offering (“IPO”) of securities.
In October 2018, Pintec completed its IPO, selling over 3.7 million American depository shares (“Shares”) to investors at $11.88 per share.
Approximately six months later, on April 30, 2019, Pintec announced that it was “unable to file its Annual Report on Form 20-F for the period ended December 31, 2018 on a timely basis because the Company was unable, without unreasonable effort or expense, to complete the Form 20-F within the prescribed period.” Following this news, the Company’s Shares significantly declined in value, and currently trade at approximately $1.00 per Share.
Investors who purchased Pintec’s Shares and suffered an investment loss are encouraged to contact Kaskela Law LLC at (888) 715–1740, or by completing the information form on this page, for additional information about this investigation and their legal rights and options.