Zenas Biopharma, Inc. Investors: Please Contact The Portnoy Law Firm To Recover Your Losses June 16, 2025 Deadline To File Lead Plaintiff Motion

2025-06-10 06:45:42

(MENAFN- GlobeNewsWire - Nasdaq) Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, June 10, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Zenas BioPharma, Inc. ("Zenas BioPharma" or the "Company") (NASDAQ: ZBIO) investors of a class action representing investors that bought securities pursuant and/or traceable to Zenas BioPharma's registration statement issued in connection with its initial public offering (“IPO”) held on or around September 13, 2024, and suffered damages as a result. Zenas BioPharma investors have until June 16, 2025 to file a lead plaintiff motion.

Investors are encouraged to contact attorney Lesley F. Portnoy , by phone 310-692-8883 or email : ... , to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors' options for pursuing claims to recover their losses.

Zenas BioPharma is a clinical-stage biopharmaceutical company focused on developing and commercializing transformative immunology-based therapies. According to the Complaint, Zenas BioPharma sold over 13 million shares at $17.00 each in its IPO.

The class action lawsuit alleges that the IPO offering documents were materially false, misleading, or omitted material information by overstating the length of time Zenas BioPharma could fund its operations using existing cash and anticipated IPO proceeds.

Further, the Complaint alleges that on November 12, 2024, Zenas BioPharma filed its quarterly report for the period ending September 30, 2024, revealing it could only fund operations for 12 months-not the 24 months stated in the IPO registration statement. As of the close of trading on April 15, 2025, the stock price had fallen to $8.72, a decline of 48.7% from the IPO price, according to the Complaint.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm's founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
...
310-692-8883

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