Newegg Commerce, Inc. (NASDAQ: NEGG)

This investigation is for anyone who acquired securities in Newegg Commerce, Inc. (NASDAQ: NEGG) prior to January 21, 2026.

The Law Offices of Howard G. Smith believes that the Company and certain of its executives violated federal law. Specifically, the Law Offices of Howard G. Smith believes that the Company misled investors regarding its financial condition. More specifically, the Law Offices of Howard G. Smith believes that the Company misled investors by telling investors that it is governed by individuals with high moral values when it appears that the Company may be governed by a criminal and the Company lacked controls to prevent or detect the matter sooner.

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, the price of the Company’s stock dropped precipitously on unusually heavy trading volume.

The Law Offices of Howard G. Smith seeks to recover damages on behalf of class members. If you acquired securities in Newegg Commerce, Inc. (NASDAQ: NEGG) prior to January 21, 2026 you may join the lawsuit by submitting your information online, or you may call the Law Offices of Howard G. Smith and speak to Mr. Smith directly to learn how he can protect your rights.