GlobeNewswire Inc | Oct 28, 2020 12:19PM EDT

October 28, 2020

PHILADELPHIA, Oct. 28, 2020 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Nano-X Imaging Ltd. (Nano-X or the Company) (NASDAQ: NNOX) to determine whether the Company engaged in securities fraud or other unlawful business practices.

INVESTORS OF NANO-X IMAGING LTD. HAVE UNTIL NOVEMBER 16, 2020 TO MOVE THE COURT TO SERVE AS LEAD PLAINTIFF. To be a member of the class action, you do not need to take any action at this time; you may retain counsel of your choice; or you can take no action and remain an absent member of the class action. No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel, unless you retain an attorney. An investors ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

NANO-X INVESTORS WHO PURCHASED, OR OTHERWISE ACQUIRED, THE COMPANYS COMMON STOCK BETWEEN AUGUST 21, 2020 AND SEPTEMBER 15, 2020, BOTH DATES INCLUSIVE (THE CLASS PERIOD), AND SUFFERED LOSSES GREATER THAN $100,000ARE ENCOURAGED TO COMPLETE KEHOE LAW FIRMS SECURITIES CLASS ACTION QUESTIONNAIREOR CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KTMC.COM, SECURITIES@KEHOELAWFIRM.COM, TO DISCUSS THESECURITIES INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

On September 16, 2020, a class action lawsuit was filed against Nano-X. According to the class action complaint, the Nano-X Defendants made materially false and/or misleading statements, because they misrepresented and failed to disclose the following adverse facts pertaining to the Companys business, operational and financial results, which were known to Defendants or recklessly disregarded by them.

The Nano-X Defendants, according to the complaint, made false and/or misleading statements and/or failed to disclose that: (1) Nano-Xs commercial agreements and its customers were fabricated; (2) Nano-Xs statements regarding its novel Nanox System were misleading, as the Company never provided data comparing its images with images from competitors machines; (3) Nano-Xs submission to the FDA admitted the Nanox System was not original; and (4) as a result, the Nano-X Defendants public statements were materially false and/or misleading at all relevant times.

Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiffside law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

This press release may constitute attorney advertising.