NEW YORK, Sept. 16, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, PC, a nationally recognized shareholder rights law firm, is reminding investors that class action lawsuits may be filed on behalf of shareholders of 17 Education and Technology Group, Inc. (NASDAQ: YQ), Enochian Biosciences, Inc. (NASDAQ:ENOB), Weber, Inc. (NYSE:WEBR) and Coinbase Global, Inc. (NASDAQ:COIN). Shareholders have until the deadlines below to petition the court to appear as lead plaintiffs. For more information on each case, see the link provided.

17 Education and Technology Group, Inc. (NASDAQ:YQ)

Class Period: As per the Company’s IPO on December 4, 2020

Lead Plaintiff Deadline: September 19, 2022

On December 4, 2020, 17EdTech completed its IPO, selling approximately 27,400,000 American Depository Shares (“ADSs”) at $10.50 per ADS.

On July 23, 2021, the company said that China’s new after-school regulations “have not been published and the company has not received any official notification of the regulations.”

As a result of this news, 17EdTech’s ADS price fell $3.56 or 39% to close at $5.64 per ADS on July 23, 2021, hurting investors.

Then, on July 26, 2021, the company announced that the recently released after-school tutoring regulations “will have a material adverse effect on the company’s results of operations and prospects.”

On the back of this news, 17EdTech’s ADS price fell $1.48, or 26%, to close at $4.16 per ADS on July 26, 2021.

Then, on August 25, 2021, 17EdTech announced that “the Company [had] on weekends, bank holidays and school vacations and will no longer be offering AST online academic courses in the future.”

As a result of this news, 17EdTech’s ADS price fell by 5% to close at $4.48 per ADS on August 25, 2021.

Then, on June 9, 2022, after the market close, the company reported its financial results for the first quarter and reported a net loss of $3.9 million on revenue of $36.82 million — a revenue loss of almost 50% off…