Benzinga | Apr 7, 2021 05:37AM EDT

Ebang International Said Hindenburg Research Report Contain Many Errors, Unsupported Speculations and Inaccurate Interpretations of Events

Ebang International Holdings Inc. (NASDAQ:EBON) today issued the following statement in response to the short seller report issued by Hindenburg Research (the "Hindenburg Report"), a short selling research firm, on April 6, 2021.

Based on the review by the Company's management team, we believe that the Hindenburg Report contain many errors, unsupported speculations and inaccurate interpretations of events. The Company's Board of Directors has also been made aware of the Hindenburg Report. The Board, together with its Audit Committee, intends to further review and examine the allegations and misinformation therein and will take whatever necessary and appropriate actions may be required to protect the interest of its shareholders.

The Company endeavors to provide full and accurate disclosure to investors and rebut any false claims that attempt to impair market confidence in EBON's business, operations and financial statements. The Company is committed to maintaining the highest standards of corporate governance, as well as transparent and timely disclosure in compliance with the applicable rules and regulations of the United States Securities and Exchange Commission and the Nasdaq Exchange.