SHAREHOLDER ALERT: Levi & Korsinsky Notifies Microvast Holdings, Inc.(MVST) Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, Jan. 30, 2024

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Microvast investors who were adversely affected by alleged securities fraud between October 19, 2022 and November 20, 2023. Follow the link below to get more information and be contacted by a member of our team:

https://zlk.com/pslra-1/microvast-lawsuit-submission-form?prid=65133&wire=4

MVST investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) there was a reasonable likelihood that, after due diligence was performed, Microvast would not be awarded the proposed $200 million grant from the United States Department of Energy; (2) negotiations had ceased and the grant rescinded; (3) the Company misrepresented the nature and profitability of its businesses and partnerships; and (4) as a result of the foregoing, defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT'S NEXT? If you suffered a loss in Microvast during the relevant time frame, you have until February 5, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.