Bluecity Holdings Limited Loss Submission Form

Company: Bluecity Holdings Limited

Ticker: (NASDAQ) BLCT

Deadline

Passed

Lead Plaintiff Deadline: September 17, 2021

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Allegations

(1) Defendants had overstated BlueCity’s business and financial prospects; (2) the Company was ill-equipped to absorb the costs of becoming a publicly traded company, including IPO- and growth-related costs; (3) as a result of all the foregoing, Defendants had misrepresented the Company’s capability for sustainable growth; and (4) as a result, the Offering Documents were materially false or misleading and/or failed to state information required to be stated therein.