Cloopen Group Holding Limited Loss Submission Form

Company: Cloopen Group Holding Limited

Ticker: (NYSE) RAAS

Deadline

Passed

Lead Plaintiff Deadline: February 08, 2022

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Allegations

an increasing number of its customers were refusing to pay, forcing the Company to record massive increases in its accounts receivables and allowance for doubtful accounts. The Registration Statement also failed to disclose that Cloopen was weighted down by massive liabilities related to the fair value of certain recently-granted warrants.