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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Nikola Corporation of Class Action Lawsuit and Upcoming Deadline – NKLA

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NEW YORK, Sept. 20, 2020 — Pomerantz LLP announces that a class action lawsuit has been filed against Nikola Corporation  (“Nikola” or the “Company”) (NASDAQ: NKLA) and certain of its officers.   The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-04354, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Nikola securities between June 4, 2020, and September 9, 2020, both dates inclusive (the “Class Period”), seeking to recover damages caused by Defendants’ violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are a shareholder who purchased Nikola securities during the class period, you have until November 16, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Nikola purports to operate as an integrated zero-emissions transportation systems provider. The Company purports to design and manufacture battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The Company also purports to develop electric vehicle solutions for military and outdoor recreational applications. Nikola was founded in 2015 by Defendant Trevor Milton (“Milton”), and in June 2020, the Company’s securities began trading publicly after the execution of a reverse merger with VectoIQ Acquisition Corp.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Defendant Milton had repeatedly misrepresented and/or exaggerated Nikola’s financial, technological, and operational profile; (ii) the foregoing misrepresentations were intended to, and did, present a materially false image of the Company’s growth and success, thereby artificially inflating the Company’s stock price; (iii) the foregoing misrepresentations were foreseeably likely to subject the Company to enhanced regulatory scrutiny and/or enforcement, along with reputational harm when the truth came to light; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On September 10, 2020, Hindenburg Research (“Hindenburg”) published a report entitled, “Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America” (the “Hindenburg Report” or the “Report”). Asserting that it had gathered “extensive evidence—including recorded phone calls, text messages, private emails, and behind-the-scenes photographs,” Hindenburg represented that it had identified “dozens of false statements by” Milton, which had led Hindenburg to conclude that Nikola “is an intricate fraud built on dozen of lies over the course of . . . Milton’s career.” Defendant Milton made these misrepresentations, the Report asserted, to substantially grow the Company and secure partnerships with top auto companies.

On this news, Nikola’s stock price fell $4.80 per share, or 11.33%, to close at $37.57 per share on September 10, 2020.

Then, on September 14, 2020, after the market had closed, Bloomberg reported that the Securities and Exchange Commission (“SEC”) was investigating Nikola to assess the merits of the Hindenburg Report.

Finally, on September 15, 2020, during intra-day trading, the Wall Street Journal reported that the United States Department of Justice had joined the SEC’s investigation of Nikola.

On this news, Nikola’s stock fell an additional $0.17 per share during intra-day trading, to close at $32.83 on September 15, 2020, an 8.27% decline from its previous close on September 14, 2020.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 7980

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ATIF Holdings Limited Signs Letter of Intent to Acquire Illuminated Air Purification Solution Provider to Expand into Healthcare Technology Field

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SHENZHEN, China, Oct. 20, 2020 /PRNewswire/ — ATIF Holdings Limited (Nasdaq: ATIF, the "Company"), a company providing business consulting and multimedia services in Asia, announced that on October 11, 2020, the Company has entered into a non-binding letter of intent (the "LOI") to acquire 51% equity interest in Xi’an Green Fun Technology Co., Ltd. ("Green Fun"), a high technology company focused on research, development and manufacturing of illuminated air purifier products.

Pursuant to the LOI, the Company will acquire no less than 51% equity interest in Green Fun (the "Proposed Transaction"). The Proposed Transaction is subject to a definitive acquisition agreement to be negotiated between the two parties, following further financial and legal reviews and approval of the Company’s Board of Directors, as well as other customary closing conditions.

Mr. Pishan Chi, the CEO of ATIF commented, "We are impressed by the research, development and operation capabilities of the Green Fun and optimistic about the niche market of illuminated air purification. We believe the acquisition of 51% of Green Fun will provide solid contribution to our earnings and pave the way for us for further growth. The market of air purification and sterilization products became especially hot since the epidemic of COVID-19, which has driven the growth of Green Fun’s overall business. We are currently evaluating market opportunities in this new business and seeking more acquisition opportunities to achieve sustainable growth of our business."

About Xi’an Green Fun Technology Co., Ltd.

Headquartered in Xi’an City of China and with branches in Qingdao, Qinghai, Xinjiang and Tongchuan, Green Fun is a leading company in the quantum light air purifier industry specified in providing quantum photocatalytic lighting air purifiers and professional indoor air purification solutions. Its purifier product "Explorer" obtained more than ten patents and has been proven by the Guangdong Microbiological Analysis and Testing Center for its effective elimination of toxic/ harmful gases, particles, substances and bacteria. Green Fun has been certified as National High-Tech Enterprise. Green Fun’s quantum photocatalytic lighting air purifiers and professional indoor air purification solutions have been procured by many government agencies, enterprises and individual customers from multiple provinces and cities in China, including Xi’an, Shanghai, Jiangxi, Guangxi, Shandong, Gansu, Xinjiang, Qinghai, and Jiangsu. The products and solutions are extensively adopted in various places such as schools, hospitals, public health places, government offices, corporate offices, factory areas and individual households.

About ATIF Holdings Limited

Headquartered in Shenzhen, China, ATIF Holdings Limited ("ATIF") is a company providing business consulting services to small and medium-sized enterprises in Asia, including going public consulting services, international business planning and consulting services, and financial media services. ATIF operates an internet-based financial consulting service platform IPOEX.com, which provides prestige membership services including online capital market information, pre-IPO education and matchmaking services between SMEs and financing institutions. ATIF has advised several enterprises in China in their plans to become publicly listed in the U.S. Through its majority-owned subsidiary, Leaping Group Co., Ltd., ATIF also provides multimedia services and is engaged in three major businesses, including multi-channel advertising, event planning and execution, film and TV program production and movie theater operations. ATIF operates the largest pre-movie advertising network in Heilongjiang Province and Liaoning Province of China and also provides advertising services in elevators and supermarkets. ATIF is often hired to plan both online and offline advertising campaigns and to produce related advertising material. In addition, ATIF invests in films and TV programs and distributes them in movie theaters or through online platforms. ATIF is also one of majority shareholders of AeroCentury Corp. (NYSE American: ACY) which is an independent global aircraft operating lessor and finance company specializing in leasing regional jet and turboprop aircraft and related engines to airlines and commercial users worldwide. For more information, please visit https://ir.atifchina.com/.  

Forward-Looking Statements

Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantee of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: future financial and operating results, including revenues, income, expenditures, cash balances and other financial items; ability to manage growth and expansion; current and future economic and political conditions; ability to compete in an industry with low barriers to entry; ability to continue to operate through our VIE structure; ability to obtain additional financing in the future to fund capital expenditures; ability to attract new clients and further enhance brand recognition; ability to hire and retain qualified management personnel and key employees; trends and competition in the financial consulting services industry; a pandemic or epidemic; and other factors listed in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions you that actual results may differ materially from the anticipated results expressed or implied by the forward-looking statements we make. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent our management’s beliefs and assumptions only as of the date such statements are made. These forward-looking statements are made as of the date of this news release.

 

Related Links :

https://ir.atifchina.com/

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CoinLock Announces Collaboration with Idoneus, IDON Token Available on Platform Today

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– IDON luxury asset token to begin trading on the platform today.

– IDON users can now enjoy more utility—like free hedging and interest-free leverage.

GEORGE TOWN, Cayman Islands, Oct. 20, 2020 /PRNewswire/ — CoinLock is pleased to announce a collaboration with Idoneus and an immediate listing of the IDON token on the CoinLock platform.  This partnership leverages IDON’s industry-leading luxury goods and services network by joining forces with one of the most innovative cryptocurrency platforms in the world.

CoinLock is a platform that delivers increased utility to cryptocurrency by providing transformational value-added services and will provide users of Idoneus with additional options.

"Idoneus is excited to be partnering with CoinLock in providing world class exchange, security and custodial services for our native digital asset, the IDON," said Jarrett Preston, CEO of Idoneus.  "We have invested significant time and effort in finding the right partner to provide peace of mind to our clients and partners, who value security and discretion very highly. CoinLock has a strong reputation for security and they share the same commitment to protecting and growing value for their clients."  

This joint collaboration means that users can now buy and sell IDON tokens peer-to-peer on the platform with USD. This allows for an easy way to both enter and exit the market and establishes a central hub for the IDON token and its community of investors in luxury assets.

Furthermore, users can now hedge and lock-in a fixed USD value on their coins without paying any fees or having to sell their coins. The Idon+Protect feature offers Idoneus coin holders options not otherwise found on traditional exchanges. 

This partnership also marks a significant step forward in advancing IDON as a trusted and safe payment option. Users can now send and receive IDON in seconds to anywhere in the world without fees.

For those interested in capitalizing on the price of Idoneus moving higher, CoinLock also provides unique leverage services to Idoneus customers. The platform allows traders to get 4x leverage on IDON tokens and does so without charging any interest.

"Idoneus is a global leader in amazing properties and luxury assets and we’re thrilled to bring IDON to the CoinLock platform," said Rikky Hasan, CEO of CoinLock.  "They share our vision of a world class product."

Users can begin trading IDON immediately at https://idon.coinlock.com/

Contact: [email protected]

Photo – https://mma.prnasia.com/media2/1099932/Coinlock_Logo_Logo.jpg?p=medium600

Related Links :

http://www.coinlock.com

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Samsung Biologics inks development partnership with Dinona for potential COVID-19 treatment

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INCHEON, South Korea, Oct. 20, 2020 /PRNewswire/ — Samsung Biologics (207940.KS) has entered into a partnership agreement with biotech Dinona, further expanding its CDO capabilities to provide a full scope of its development services from cell line development, process development, to non-clinical and clinical material manufacturing. Under this agreement, Samsung and Dinona will collaborate for fast-track development of DNP-019, a potential COVID-19 antibody therapy.

Since its inception, the Samsung Biologics CDO business has been growing at a rapid pace with near 60 contracts signed in just two years. The business segment continues to expand its market reach through a cumulative track record of various biologics products beyond monoclonal antibodies and by targeting diverse treatment areas including cancer, neurodegenerative diseases, and as with this partnership, COVID-19 treatment.

Samsung Biologics has also recently introduced its proprietary cell-line technology, S-CHOice, this year showing improved titers up to two-fold from the industry average and maintaining over 90% cell viability. With a customized development strategy, Samsung Biologics has showcased a record of achievements in recent years. The company has dramatically reduced the time required for the development stage, taking six months to clinical material manufacturing and seven months to DP release.

"Samsung Biologics is always committed to providing the highest quality services to our clients globally to help biotech companies like Dinona focus on their core business, which is drug discovery," said Tae Han Kim, CEO Samsung Biologics. "As with all our partnerships, we will closely collaborate with our client Dinona to provide the highest client satisfaction and support in its endeavor to bring a potential COVID-19 treatment to market faster and better."

About Samsung Biologics Co., Ltd.

Samsung Biologics (KRX: 207940.KS) is a fully integrated CDMO offering state-of-the-art contract development, manufacturing, and laboratory testing services. With proven regulatory approvals, the largest capacity at a single site, and the fastest throughput, Samsung Biologics is an award-winning partner of choice and is uniquely able to support the development and manufacturing of biologics products at every stage of the process while meeting the evolving needs of biopharmaceutical companies worldwide. For more information, visit www.samsungbiologics.com.  

Media Contact
Claire Kim [email protected]

 

Related Links :

http://www.samsungbiologics.com

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