17 EDUCATION & TECHNOLOGY GROUP INC. Class proceeding alert:

New York, July 25, 2022 (GLOBE NEWSWIRE)-Wolf Haldenstein Adler Freeman & Herz LLP follows and / Or you have acquired a traceable 17 Education & Technology Group Inc. (NASDAQ: YQ) (“17EdTech”) US Depositary (“ADR”). 17 Published in connection with EdTech’s first public offering (“IPO”) in December 2020.

17 All investors who have purchased ADR from Education & Technology Group Inc. Any loss incurred will prompt you to contact the company immediately classmember@whafh.com Or (800) 575-0735 or (212) 545-4774. Get additional information about the action or Participate in the case On our website www.whafh.com.

In case of loss in ADR 17 Education & Technology Group Inc., you By September 19, 2022 Ask the court to appoint you to lead the proposed class of plaintiffs. For more information about 17 Education & Technology Group Inc’s rights as an investor in ADR, please contact Wolf Haldenstein.

Click here to join the case

According to the complaint filed, the registration statement was characterized by false and / or misleading statements and / or did not disclose it:

• Defendant 17 EdTech’s kindergarten-to-high school academic AST service will be terminated within one year after the IPO.
• As part of ongoing regulatory efforts, Chinese authorities are imminently reducing and / or terminating 17EdTech’s core operations.When
• As a result, Defendant’s statements regarding our business, operations, and outlook were virtually false and misleading, and / or lacked reasonable grounds at all relevant times.

On December 4, 2020, 17 EdTech issued an IPO for ADR, selling approximately 27,400,000 ADRs for $ 10.50 per ADR. This would be $ 44.00 per ADR, adjusted for the reverse stock split (1: 4) on November 21, 2021. Since the IPO, 17 EdTech ADRs have been trading at a low price of $ 0.88 per ADR and are currently trading at $ 1.94 per ADR.

Wolf Haldenstein has extensive experience in prosecuting securities class proceedings and derivative suits in state and federal trial and appeal courts across the country. The company has lawyers in various practical fields. We have offices in New York, Chicago and San Diego. The company’s reputation and expertise in shareholder and other classes of litigation has been repeatedly recognized by courts appointed to key positions in multi-district and integrated litigation of complex securities.

If you would like to discuss this behavior, or if you have any questions about your rights and interests in this case, please contact Wolf Haldenstein immediately by phone (800) 575-0735, email classmember@whafh.com or our company. Please visit the website. At www.whafh.com.

contact:

Wolfhardenstein Adler Freeman & Hertz LLP
Patrick Donovan, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: gstone @ whafh.com, donovan @ whafh.com, or classmember@whafh.com
Tel: (800) 575-0735 or (212) 545-4774

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