Investigation of ECMOHO Ltd.
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Robbins LLP Reminds Investors It is Investigating the Officers and Directors of ECMOHO Ltd. (MOHO) on Behalf of Shareholders
Shareholder rights law firm Robbins LLP reminds shareholders that it is investigating ECMOHO Ltd. (NASDAQ: MOHO) for potential material misstatements and violations of federal securities laws pursuant to its November 2019 initial public offering (“IPO”). On November 8, 2019, ECMOHO completed its IPO offering approximately 4.4 million shares at $10 per share and raising $48 million in proceeds. Since its IPO, ECMOHO’s stock has precipitously declined and by July 20, 2020, shares of ECMOHO closed at only $2.07 per share, representing a staggering decline of approximately 79% from its IPO share price. The stock continues to trade around a little over $2 per share.