ZME

NYSE to Suspend Trading Immediately in Zhangmen Education Inc. (ZME) and Commence Delisting Proceedings

Retrieved on: 
Thursday, June 2, 2022

The New York Stock Exchange (NYSE, the Exchange) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares, each representing 72 Class A Ordinary Shares (the ADSs) of Zhangmen Education Inc. (the Company) ticker symbol ZME from the Exchange.

Key Points: 
  • The New York Stock Exchange (NYSE, the Exchange) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the American Depositary Shares, each representing 72 Class A Ordinary Shares (the ADSs) of Zhangmen Education Inc. (the Company) ticker symbol ZME from the Exchange.
  • Trading in the Companys ADSs was suspended on the NYSE on June 2, 2022.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the ADSs upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staffs decision.

Zhangmen Expands Smart Hardware Lineup With Launch of Scan Study Pen S6

Retrieved on: 
Tuesday, May 24, 2022

SHANGHAI, May 24, 2022 /PRNewswire/ -- Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading online education company in China, today announced the debut of its Zhangmen Scan Study Pen S6, another masterpiece in the Company's growing smart hardware lineup.

Key Points: 
  • SHANGHAI, May 24, 2022 /PRNewswire/ -- Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading online education company in China, today announced the debut of its Zhangmen Scan Study Pen S6, another masterpiece in the Company's growing smart hardware lineup.
  • Leveraging its expertise in education research and teacher resources, Zhangmen embedded its high-quality master class videos into the Scan Study Pen S6 to provide learners with premium, exclusive learning content.
  • In addition to its translation and word search functions, the Scan Study Pen S6 features smart questions-and-answers, textbook scanning, oral tests, natural spelling training, vocabulary books, graded word study, and a smart voice-enabled encyclopedia.
  • This year, Zhangmen accelerated its smart hardware expansion and unveiled a series of smart education hardware products in quick succession.

Zhangmen Education Inc. Filed Its Annual Report on Form 20-F

Retrieved on: 
Tuesday, May 3, 2022

SHANGHAI, May 3, 2022 /PRNewswire/ -- Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading online education company in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on May 2, 2022.

Key Points: 
  • SHANGHAI, May 3, 2022 /PRNewswire/ -- Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading online education company in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2021 with the Securities and Exchange Commission on May 2, 2022.
  • The annual report can be accessed on the Company's investor relations website at ir.zhangmenedu.com .
  • Requests should be directed to Investor Relations Department, Zhangmen Education Inc., No.1666 North Sichuan Road, Hongkou District, Shanghai 200080, People's Republic of China.
  • Zhangmen Education Inc. (NYSE: ZME) is a leading online education company in China providing quality-oriented education to students and on-campus education services to educational institutions.

Zhangmen Education Inc. Reports Fourth Quarter and Full Year 2021 Unaudited Financial Results

Retrieved on: 
Wednesday, March 30, 2022

SHANGHAI, March 30, 2022 /PRNewswire/ -- Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading online education company in China, today announced its unaudited and unreviewed financial results for the fourth quarter and full year ended December 31, 2021.

Key Points: 
  • SHANGHAI, March 30, 2022 /PRNewswire/ -- Zhangmen Education Inc. ("Zhangmen" or the "Company") (NYSE: ZME), a leading online education company in China, today announced its unaudited and unreviewed financial results for the fourth quarter and full year ended December 31, 2021.
  • Gross margin in the fourth quarter of 2021 was 40.6%,compared with 44.0% in the same period of 2020.
  • Net income in the fourth quarter of 2021 was RMB146.3 million (US$23.0 million), compared with net loss of RMB599.9 million in the same period of 2020.
  • Zhangmen Education Inc. (NYSE: ZME) is a leading online education company in China providing quality-oriented education to students and on-campus education services to educational institutions.

ZME FINAL DEADLINE TODAY: ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Zhangmen Education Inc. Investors to Secure Counsel Before Important Deadline Today in Securities Class Action – ZME

Retrieved on: 
Tuesday, January 18, 2022

WHAT TO DO NEXT: To join the Zhangmen Education class action, go to http://www.rosenlegal.com/cases-register-2213.html or call Phillip Kim, Esq.

Key Points: 
  • WHAT TO DO NEXT: To join the Zhangmen Education class action, go to http://www.rosenlegal.com/cases-register-2213.html or call Phillip Kim, Esq.
  • WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles.
  • The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
  • 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017.

ZHANGMEN DEADLINE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Zhangmen Education Inc. and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, January 17, 2022

Investors have until January 18, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until January 18, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • In June 2021, Zhangmen, an education company focused on providing personalized online courses to K-12 students in China, conducted its initial public offering (IPO), selling 4,166,450 ADSs at a price of $11.50 per ADS.
  • On November 19, 2021, the Companys share price closed at $1.47 per ADS, an 80% decline from the IPO price.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Zhangmen Education Inc. (ZME)

Retrieved on: 
Friday, January 14, 2022

In June 2021, Zhangmen, an education company focused on providing personalized online courses to K-12 students in China, conducted its IPO, selling 4,166,450 ADSs at a price of $11.50 per ADS.

Key Points: 
  • In June 2021, Zhangmen, an education company focused on providing personalized online courses to K-12 students in China, conducted its IPO, selling 4,166,450 ADSs at a price of $11.50 per ADS.
  • Then, on July 23, 2021, China revealed an extensive overhaul of its education sector, prohibiting companies that teach the school curriculum from making profits, raising capital or going public.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

TUESDAY DEADLINE: Zhangmen Education Inc. Investors with Substantial Losses Have Opportunity to Lead Class Action – ZME

Retrieved on: 
Friday, January 14, 2022

Commenced on November 19, 2021, the Zhangmen Education class action lawsuit charges Zhangmen Education, certain of its top executives, and the IPOs underwriters with violations of the Securities Act of 1933.

Key Points: 
  • Commenced on November 19, 2021, the Zhangmen Education class action lawsuit charges Zhangmen Education, certain of its top executives, and the IPOs underwriters with violations of the Securities Act of 1933.
  • If you suffered substantial losses and wish to serve as lead plaintiff of the Zhangmen Education class action lawsuit, please provide your information by clicking here .
  • As of the filing of the Zhangmen Education class action lawsuit, Zhangmen Education ADSs trade more than 80% below the IPO price.
  • A lead plaintiff acts on behalf of all other class members in directing the Zhangmen Education class action lawsuit.

ZME Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Reminds Zhangmen Education Inc. Shareholders of Class Action and Lead Plaintiff Deadline: January 18, 2022

Retrieved on: 
Monday, January 10, 2022

This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.

Key Points: 
  • This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1933.
  • or his Investor Relations Analyst, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484.
  • If you suffered a loss in Zhangmen you have until January 18, 2022, to request that the Court appoint you as lead plaintiff.
  • Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Lightspeed Commerce, Owlet, Peloton, and Zhangmen Education and Encourages Investors to Contact the Firm

Retrieved on: 
Monday, January 10, 2022

The complaint filed alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies.

Key Points: 
  • The complaint filed alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies.
  • On November 19, 2021, the Companys share price closed at $1.47 per ADS, an 80% decline from the IPO price.
  • For more information on the Zhangmen Education class action go to: https://bespc.com/cases/ZME
    About Bragar Eagel & Squire, P.C.
  • The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country.