Hesai Group (HSAI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / February 4, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Hesai Group ("Hesai" or "the Company") (NASDAQ:HSAI). Investors who purchased Hesai securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/HSAI-2.

Investigation Details:

On or around February 9, 2023, Hesai conducted its initial public offering ("IPO"), selling 10 million American depositary receipts ("ADRs") priced at $19.00 per ADR. Then, on January 31, 2024, the U.S. Department of Defense added more than a dozen Chinese companies, including Hesai, to a list of countries allegedly working with China's military, as part of a broader effort to keep American technology from aiding China. On this news, Hesai's stock price fell $1.81 per ADR, or 31.05%, to close at $4.02 per ADR on February 1, 2024.

What's Next?

If you are aware of any facts relating to this investigation or purchased Hesai securities, you can assist this investigation by visiting the firm's site: bgandg.com/HSAI-2. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

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