INVESTOR ALERT

Missfresh Limited Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - MF

Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Missfresh Limited (NASDAQ: MF) securities pursuant and/or traceable to the registration statement and related prospectus (collectively, the “Registration Statement”) issued in connection with Missfresh’s June 2021 initial public offering (the “IPO”) that suffered compensable damages have until September 12, 2022 to seek appointment as lead plaintiff in the Missfresh class action lawsuit. The Missfresh class action lawsuit – captioned Chen v. Missfresh Limited, No. 22-cv-04065 (E.D.N.Y.) – charges Missfresh, certain of its top executives and directors, as well as the IPO’s underwriters with violations of the Securities Act of 1933.

If you suffered substantial losses and wish to serve as lead plaintiff, please provide your information here:

https://www.rgrdlaw.com/cases-missfresh-limited-class-action-lawsuit-m ...

You can also contact attorney J.C. Sanchez of Robbins Geller by calling 800/449-4900 or via e-mail at [e-mail].

CASE ALLEGATIONS: Missfresh purports to be an innovator and leader in China’s neighborhood retail industry which invented the Distributed Mini Warehouse model to operate an integrated online-and-offline on-demand retail business focusing on offering fresh produce and fast-moving consumer goods. Pursuant to its IPO, Missfresh sold approximately 21 million of its American Depositary Shares (“ADSs”) at a price of $13.00 per ADS.

The Missfresh class action lawsuit alleges that the IPO’s Registration Statement contained false and/or misleading statements and/or failed to disclose that: (i) Missfresh provided false financial figures in its Registration Statement; (ii) Missfresh would need to amend its financial figures; and (iii) Missfresh, among other things, had lesser net revenues for the quarter ended March 31, 2021.

On April 29, 2022, Missfresh filed with the U.S. Securities and Exchange Commission (“SEC”) a Notification of Late Filing on Form 12b-25 which announced that Missfresh would not be able to file its Annual Report on Form 20-F for the fiscal year ended December 31, 2021 by the prescribed filing deadline of April 30, 2022 given that “[t]he independent Audit Committee of the [Missfresh]’s board of directors, with the assistance of professional advisors, is in the process of conducting an internal review of certain matters, including those relating to transactions between [Missfresh] and certain third-party enterprises.” Missfresh further disclosed that “[t]he Audit Committee is working with its advisors to complete the review in a timely manner.” On this news, the price of Missfresh ADSs fell by 13%.