GUANGZHOU, China, March 08, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023 on Friday, March 15, 2024, before the U.S. market opens. EHang's management team will host an earnings conference call at 8:00 AM on Friday, March 15, 2024, U.S. Eastern Time (8:00 PM on F ...

Core Insights - Hindenburg Research is a prominent activist short-selling firm known for exposing fraudulent activities and market inefficiencies, significantly impacting stock prices when it targets companies [1][2] Group 1: LifeStance Health Group (LFST) - LifeStance Health Group has a market cap of $2.3 billion and operates with 6,400 clinicians across 33 states, but has reported significant financial issues including $188 million in losses over the past year, $482 million in debt, and a $716 million accumulated deficit [3][4] - Despite an 18% annual growth in its clinician base, the company has a cash balance of only $42.6 million and a quarterly cash burn of $33.7 million, indicating a dire need for fresh capital [4] - Ongoing litigation alleging that LifeStance misled IPO investors adds to its financial troubles, alongside issues related to clinician retention and management of controlled substances [4] Group 2: Renovaro (RENB) - Renovaro, formerly Enochian Biosciences, is under scrutiny due to its ties with co-founder Dr. Serhat Gumrukcu, who faces serious criminal charges, raising concerns about the company's governance [6][7] - The company recently merged with GEDi Cube, a newly established entity with no operational history, which raised questions about Renovaro's judgment, especially given the $275 million price tag for the merger [7] - Renovaro has been criticized for using stock promoters to hype the GEDi deal and falsely claiming a strategic partnership with Nvidia, which was merely a free program [7] Group 3: EHang Holdings (EH) - EHang Holdings specializes in electric vertical take-off and landing (eVTOL) aircraft and saw a 267% stock increase before Hindenburg's report, but shares have since dropped about 30% [8][9] - The company has reported net losses since inception and trades at approximately 18 times book value, significantly higher than competitors Joby Aviation and Archer Aviation, which trade closer to 4 times book value [9] - EHang's financial position is precarious with only $44.9 million in cash reserves and claims that over 92% of its pre-orders are based on problematic deals, indicating potential creative accounting practices [9]

GUANGZHOU, China, Feb. 07, 2024 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced a suggested retail price of US$410,000 for its EH216-S pilotless passenger-carrying electric vertical takeoff and landing ("eVTOL") aircraft in global markets outside China, effective from April 1, 2024. (Image: The suggested retail price for EH216-S in Global markets outside China) The EH216-S distingu ...

Core Viewpoint - EHang Holdings Limited has announced the suggested retail price of RMB2.39 million for its EH216-S passenger-carrying UAV system in China, effective from April 1, 2024, highlighting the potential of China's low-altitude economy and the global growth trend in aerial services [1] Company Developments - EHang's EH216-S UAV system received its Type Certificate from the Civil Aviation Administration of China on October 13, 2023, and subsequently achieved the Standard Airworthiness Certificate on December 21, 2023, allowing for customer deliveries [1] - The EH216-S successfully completed its inaugural commercial flight demonstrations in Guangzhou and Hefei on December 28, 2023, marking it as the world's first pilotless passenger-carrying eVTOL aircraft to obtain a standard airworthiness certificate [1][2] - The certified EH216-S UAVs will be utilized for commercial services in various scenarios, including low-altitude sightseeing and urban tourism, with plans for further deployment in different operational contexts [1] Market Opportunity - The low-altitude economy and related industries present significant market opportunities for EHang's urban air mobility development, which is seen as a new engine for future economic growth in China [2] - The company aims to provide safe, autonomous, and eco-friendly air mobility solutions, enhancing the value of eVTOL and urban air mobility [1][2] Company Mission and Vision - EHang's mission is to enable safe, autonomous, and eco-friendly air mobility accessible to everyone, providing UAV systems and solutions across various industries [3] - The company continues to lead in innovation within the global UAM industry, focusing on the integration of flying technologies into smart city life [3]

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Core Viewpoint - EHang Holdings Limited is facing legal scrutiny due to allegations of misleading statements regarding its business partnerships and pre-orders, which have resulted in significant investor losses [2][3]. Group 1: Legal Investigation - Faruqi & Faruqi, LLP is investigating potential claims against EHang and has set a deadline of February 2, 2024, for investors to seek the role of lead plaintiff in a federal securities class action [2]. - The complaint alleges that EHang and its executives violated federal securities laws by making false statements about partnerships with companies like United Therapeutics, DHL, and Vodafone, which have reportedly abandoned their deals [2]. - The lawsuit claims that EHang misrepresented the financial viability of entities that placed pre-orders for its aircraft, leading to materially false and misleading statements about its business operations [2]. Group 2: Market Reaction - Following the release of a report by Hindenburg Research on November 7, 2023, which claimed that over 92% of EHang's reported pre-orders were based on non-viable deals, the price of EHang's American Depositary Shares fell by $1.90, or 12.7%, closing at $13.06 [3]. Group 3: Class Action Details - The lead plaintiff in the class action will be the investor with the largest financial interest who is also typical of class members, and any member can move the court to serve as lead plaintiff [4]. - Faruqi & Faruqi encourages individuals with information regarding EHang's conduct, including whistleblowers and former employees, to come forward [4].

If you suffered losses exceeding $100,000 investing in EHang stock or options between January 20, 2022 and November 6, 2023 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). You may also click here for additional information: www.faruqilaw.com/EH.There is no cost or obligation to you.NEW YORK , Jan. 4, 2024 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims a ...

GUANGZHOU, China, Dec. 28, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, announced that today the certified EH216-S pilotless passenger-carrying aerial vehicles have successfully completed debut commercial flight demonstrations in Guangzhou and Hefei respectively, marking another major step towards normalizing flights with EH216-S in aerial sightseeing at local scenic spots. Esteemed governm ...

GUANGZHOU, China, Dec. 26, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced the launch of the UAM Operation Demonstration Center ("UAM Center") at OH Bay, a renowned landmark in Bao'an district, Shenzhen. Following the EHang's strategic partnership with the Shenzhen Bao'an District Government in July, this significant milestone marks another big step forward towards the parties' ...

EH216-S obtains world's first Airworthiness Certificate for pilotless passenger-carrying eVTOL aircraftEHang commences commercial delivery of certified EH216-S to customer GUANGZHOU, China, Dec. 21, 2023 (GLOBE NEWSWIRE) -- EHang Holdings Limited ("EHang" or the "Company") (NASDAQ:EH), the world's leading urban air mobility ("UAM") technology platform company, today announced that its EH216-S passenger-carrying unmanned aerial vehicle ("UAV") system has obtained the standard Airworthiness Certificate ("AC") ...