Newegg Commerce, Inc. Investigated by the Portnoy Law Firm

Core Viewpoint - Newegg Commerce, Inc. is under investigation for possible securities fraud following the detention of its controlling shareholder and chairman, He Zhitao, which has led to a significant drop in the company's stock price [3]. Group 1: Investigation and Legal Actions - The Portnoy Law Firm has initiated an investigation into Newegg for potential securities fraud and may file a class action on behalf of investors [1]. - Investors are encouraged to contact the Portnoy Law Firm to discuss their legal rights and options for pursuing claims to recover losses [2]. Group 2: Impact on Stock Price - Following the announcement of He Zhitao's investigation and detention, Newegg's stock price fell by $9.79, or 17.7%, closing at $45.53 per share on January 21, 2026, resulting in financial harm to investors [3].