ENOB
Enochian Biosciences Inc. Common Shares
stock NASDAQ

Hey guys, I posted about this settlement, but since the court already approved the settlement and set the deadline to submit claims, I decided to share it again with a little FAQ.
Quick recap: If you don’t remember, in 2022, before they rebranded as Renovaro, Enochian publicly acclaimed Serhat Gumrukcu, one of its founders and largest shareholders, as the “genius” behind their technology and science. But later, it was revealed that he wasn’t even a licensed doctor, making the credibility of their scientific breakthroughs questionable at best.
 When this news came out, $ENOB dropped and investors filed a lawsuit.
The good news is that $ENOB settled $2.5M with investors and they’re accepting claims until December 07, 2025.
So here's all I know about this [agreement](https://11th.com/cases/enochian-biosciences-investor-settlement):     
  **Who can claim this settlement?**
Anyone who bought $ENOB between January 17, 2018, and June 27, 2022.
**Do I need to sell/lose my shares to get this settlement?**
No, if you have purchased $ENOB during the class period, you are eligible to participate.
**How much money do I get per share?**
The final payout amount depends on your specific trades and the number of investors participating in the settlement. If 100% of investors file their claims - the average payout will be $0.09 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.36 per share.
**How long does the payout process take?**
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.
Hope it helps!

Hey guys, I posted about this settlement, but since the court already approved the settlement and set the deadline to submit claims, I decided to share it again with a little FAQ.
Quick recap: If you don’t remember, in 2022, before they rebranded as Renovaro, Enochian publicly acclaimed Serhat Gumrukcu, one of its founders and largest shareholders, as the “genius” behind their technology and science. But later, it was revealed that he wasn’t even a licensed doctor, making the credibility of their scientific breakthroughs questionable at best.
 When this news came out, $ENOB dropped and investors filed a lawsuit.
The good news is that $ENOB settled $2.5M with investors and they’re accepting claims until December 07, 2025.
So here's all I know about this [agreement](https://11th.com/cases/enochian-biosciences-investor-settlement):     
  **Who can claim this settlement?**
Anyone who bought $ENOB between January 17, 2018, and June 27, 2022.
**Do I need to sell/lose my shares to get this settlement?**
No, if you have purchased $ENOB during the class period, you are eligible to participate.
**How much money do I get per share?**
The final payout amount depends on your specific trades and the number of investors participating in the settlement. If 100% of investors file their claims - the average payout will be $0.09 per share. Although typically only 25% of investors file claims, in this case, the average recovery will be $0.36 per share.
**How long does the payout process take?**
It typically takes 4 to 9 months after the claim deadline for payouts to be processed, depending on the court and settlement administration.
Hope it helps!