Securities Fraud Investigation Into Newegg Commerce, Inc. (NEGG) Announced – Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz

LOS ANGELES–(BUSINESS WIRE)–The Law Offices of Frank R. Cruz announces an investigation of Newegg Commerce, Inc. (“Newegg” or the Company”) (NASDAQ: NEGG) on behalf of investors concerning the Company’s possible violations of federal securities laws.

IF YOU ARE AN INVESTOR WHO LOST MONEY ON NEWEGG COMMERCE, INC. (NEGG), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING A CLAIM TO RECOVER YOUR LOSS.

What Is The Investigation About?

On January 21, 2026, Newegg disclosed that it had received a notice from the family of the Company’s controlling shareholder and chairman, He Zhitao, that he is being placed under investigation and has been detained for matters that “pertain personally to Mr. He Zhitao.”

On this news, Newegg’s stock price fell $9.79, or 17.7%, to close at $45.53 per share on January 21, 2026, thereby injuring investors.

Contact Us To Participate or Learn More:

If you purchased Newegg securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:

The Law Offices of Frank R. Cruz,

2121 Avenue of the Stars, Suite 800,

Century City, California 90067

Call us at: 310-914-5007

Email us at: info@frankcruzlaw.com
Visit our website at: www.frankcruzlaw.com.

Follow us for updates on Twitter at twitter.com/FRC_LAW.

If you inquire by email, please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

The Law Offices of Frank R. Cruz, Los Angeles

Frank R. Cruz

310-914-5007

fcruz@frankcruzlaw.com
www.frankcruzlaw.com