NASDAQ: HSAI

Hesai Group

Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of the securities of Hesai Group (NASDAQ: HSAI) pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s initial public offering (the “IPO” or “Offering”). If you wish to serve as lead plaintiff, you must move the Court no later than June 6, 2023.

If you purchased Hesai securities and would like to join the prospective action, please click “Join This Class Action.”

Class Period:Pursuant and/or traceable to the Registration Statement issued in connection with Hesai's IPO.

Deadline:

4 Days

If you purchased Hesai securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, the Registration Statement contained false and/or misleading statements and/or failed to disclose that:

Hesai Group’s gross margin decrease was caused by a lower in-house utilization rate;
Hesai Group’s gross margin was 30% for the fourth quarter—which was completed over a month before the date of the amended registration statement;
as a result, defendants’ public statements were materially false and misleading at all relevant times and negligently prepared.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.