Securities Fraud Investigation Into Newegg Commerce, Inc. (NEGG) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

Core Viewpoint - Newegg Commerce, Inc. is under investigation for potential violations of federal securities laws following the detention of its controlling shareholder and chairman, He Zhitao, which has negatively impacted the company's stock price [1][2]. Group 1: Investigation Details - The investigation is initiated by the Law Offices of Frank R. Cruz on behalf of investors [1]. - On January 21, 2026, Newegg disclosed that He Zhitao is being investigated and detained for personal matters, leading to a significant drop in the company's stock price [2]. Group 2: Stock Price Impact - Following the announcement of the investigation, Newegg's stock price fell by $9.79, or 17.7%, closing at $45.53 per share on January 21, 2026, resulting in financial losses for investors [2].