We are investigating Hebron Technology Co. (HEBT) (“Hebron” or the “Company”) for potential violations of the federal securities laws.
On June 3, 2020, the investment analyst firm Grizzly Research published a report, entitled “We Believe Hebron Technology Co., Ltd. (HEBT) is an Insider Enrichment Scheme without Economic Basis.” According to the report, Hebron “is a stock manipulation scheme that engaged in undisclosed related party acquisitions and undisclosed private placement transactions that have artificially inflated the stock price.” On this news, Hebron’s stock price fell $8.26 per share, or 36.63%, to close at $14.29 per share on June 3, 2020.