Cloopen Group Holding Limited Stock News

NEW YORK , Dec. 13, 2021 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS ). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980. The investigation concerns whether Cloopen and certain of its officers and/or directors have engaged in securities … Full story available on Benzinga.com

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Clo

SAN DIEGO--(BUSINESS WIRE)-- #Cloopencase--The suit alleges defendants issued false statements concerning Cloopen business and prospects, resulting in its stock trading at inflated prices.

NEW YORK, Dec. 13, 2021 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Southern District of New York on behalf of those who acquired Cloopen Group Holding Limited (“Cloopen” or the “Company”) (NYSE: RAAS ) American Depositary Shares (“ADSs”) (a) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s February 2021 initial public offering (the “IPO”); and/or (b) acquired Cloopen securities from February 9, 2021 through May 10, 2021, inclusive (the “Class Period”). Investors have until February 8, 2022 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

LOS ANGELES--(BUSINESS WIRE)---- $RAAS #investors--The Law Offices of Frank R. Cruz Announces Investigation of Cloopen Group Holding Limited (RAAS) on Behalf of Investors

(PR-inside.com) NEW YORK, NY / ACCESSWIRE / December 13, 2021 / Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE:RAAS) and certain of its officers, on behalf of shareholders who (a) purchased or otherwise acquired Cloopen American Depositary Shares ("ADSs") pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company''s February 2021 initial public offering (the "IPO"); and/or (b) purchased or otherwise acquired Cloopen securities during the Class Period. Such investors are encouraged to join this ..

In today’s recent session, 1.52 million shares of the Cloopen Group Holding Limited (NYSE:RAAS) were traded. Most recently the company’s share price was $3.25, and it changed around $0.08 or 2.55% from the last close, which brings the market valuation of the company to $673.56M. RAAS at last check was trading at a discount to … Let’s Discuss The Cloopen Group Holding Limited (NYSE: RAAS) Stock Forecast. Read More »

BEIJING, Dec. 13, 2021 /PRNewswire/ -- On December 13th, Cloopen (NYSE: RAAS), China''s leading multi-capability cloud-based communications solution provider, announced the wholly-owned acquisition of Zhuge Inc. ("Zhuge"), a new generation of user-centric intelligent data solution provider.

SAN DIEGO, Dec. 13, 2021 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a lawsuit was filed for certain investors in Cloopen Group Holding Limited (NYSE: RAAS) shares. Investors who purchased in excess of $200,000 in shares of Cloopen Group Holding Limited (NYSE: RAAS) have certain options and there are short and strict deadlines running. Deadline: February 8, 2022. Those NYSE: RAAS investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554. On December 10, 2021, a lawsuit was filed against Cloopen Group Holding Limited over alleged securities laws violations. The plaintiff alleges that the Registration Statement that was filed in connection with the Company''s February 2021 the initial public offering (IPO) failed to disclose that, Cloopen Group Holding Limited ''s growth strategy was allegedly not working, and its existing customers were abandoning the Company. The plaintiff further alleges that the Registration Statement failed to disclose that an increasing number of Cloopen Group Holding Limited ''s customers were refusing to pay, forcing the Company to record massive increases in its accounts receivables and allowance for doubtful accounts, and that the Registration Statement also allegedly failed to disclose that Cloopen Group Holding Limited was weighed down by huge liabilities related to the fair value of certain recently-granted warrants.

BEIJING , Dec. 13, 2021 /PRNewswire/ -- Cloopen Group Holding Limited ("Cloopen" or the "Company") (NYSE: RAAS), a leading multi-capability cloud-based communications solution provider in China , today announced that it has entered into a definitive agreement to acquire the entire equity interests of Zhuge Inc. ("Zhuge"), a user-centric intelligent data solution provider, for a mix of cash and shares consideration. The shares issued will account for less than 1% of the Company''s outstanding share capital on a fully-diluted basis. The shares will be issued under a private placement pursuant to an exemption or exclusion from the registration requirements under the Securities Act of 1933, as amended. The transaction is expected to be completed in December 2021 , subject to customary closing conditions. There is no assurance that the transaction will be completed within the anticipated timeframe, or at all. Shareholders are cautioned not to place undue reliance on this announcement. Mr. Changxun Sun, the Company''s Founder, Chairman of Board of Directors and Chief Executive Officer, commented, "We are thrilled to welcome Zhuge to our group.

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Cloopen Group Holding Limited (NYSE:RAAS)s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $3.14 and last traded at $3.20, with a volume of 12787 shares traded. The stock had previously closed at $3.49. The company has a 50 day moving average price of $4.11 []

Cloopen Group Holding Limited (NYSE:RAAS)s share price reached a new 52-week low during trading on Friday . The stock traded as low as $3.14 and last traded at $3.20, with a volume of 12787 shares traded. The stock had previously closed at $3.49. The company has a 50-day moving average of $4.11 and a 200 []

Cloopen Group Holding Limited (NYSE:RAAS)s stock price was down 7.3% on Monday . The company traded as low as $3.94 and last traded at $4.04. Approximately 7,939 shares changed hands during trading, a decline of 99% from the average daily volume of 1,519,143 shares. The stock had previously closed at $4.36. The firm has a []