LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Jayud Global Logistics Limited (“Jayud” or the “Company”) (NASDAQ: JYD) on behalf of investors concerning the Company’s possible violations of federal securities laws.
IF YOU ARE AN INVESTOR WHO LOST MONEY ON JAYUD GLOBAL LOGISTICS LIMITED (JYD), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.
What Is The Investigation About?
In April 2023, Jayud went public via initial public offering (“IPO”). The IPO was low-float, offering just 1.25 million shares to the public, less than 5% of total outstanding equity, while maintaining overwhelming insider control through Class B super voting shares and offshore holding entities.
Jayud stock then surged from roughly $1.00 to an all-time high of $7.97 per share on April 1, 2025, reaching a market capitalization of roughly $720 million on that date, despite no fundamental news from the Company.
On April 1, 2025, after market hours, Jayud’s stock price abruptly fell 95.6%, or $7.62 per share, to close at $0.35 per share on April 2, 2025.
Investigations and public reports have since revealed that Jayud was used a primary vehicle for an illicit “pump-and-dump” promotion scheme. The structure of Jayud’s public listing and float allegedly made the scam possible.
Contact Us To Participate or Learn More:
If you purchased Jayud securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
The Law Offices of Frank R. Cruz,
2121 Avenue of the Stars, Suite 800,
Century City, California 90067
Call us at: 310-914-5007
Email us at: [email protected]
Visit our website at: www.frankcruzlaw.com.
Follow us for updates on Twitter at twitter.com/FRC_LAW.
If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Contacts
Contact Us:
The Law Offices of Frank R. Cruz, Los Angeles
Frank R. Cruz
310-914-5007
[email protected]
www.frankcruzlaw.com
