 Luckin Coffee

Luckin Coffee, Inc. provides food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. Its offerings include both hot and iced freshly brewed coffee such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha as well as specialty coffee based on market and seasonal trends. The firm also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

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Luckin Coffee, Inc. engages in providing food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. It also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

Things continue to get tougher for Luckin with every passing day. The company could potentially rebound, but for now LK stock is a sell.

There Is No End to Luckin Coffee’s Misery in Sight

Why Luckin Coffee Stock, Defying the Downturn, Is Up 10% Today

Hertz

Even with the broader market lower, at least some investors are excited about the prospects for these two hard-hit companies.

Why Hertz and Luckin Coffee Are Soaring in Wednesday's Stock Market Rout

The company has apparently retained Houlihan Lokey to help it with financial and strategic matters.

Report: Luckin Coffee Hires Financial Advisor Experienced in Distressed Situations

The beleaguered coffee chain received another exchange warning.

Why Luckin Coffee Stock Plunged Today

Luckin Coffee (LK) news concerning a second delisting notice from the Nasdaq has LK stock taking one heck of a beating on Tuesday.
The post Luckin Coffee News: LK Stock Dives 15% Further on Another Delisting Notice appeared first on InvestorPlace.

Luckin Coffee News: LK Stock Dives 15% Further on Another Delisting Notice

The disclosure from the scandal-ridden Chinese coffee seller comes after its share price has dropped 90%.

Luckin Coffee Gets Second Delisting Notice From Nasdaq

Shares of Luckin Coffee Inc. (NASDAQ:LK) slumped 18% in premarket trading on Tuesday after the company announced it received a delisting notice from the Nasdaq last week for failing to file its annual report.

Luckin Coffee’s Luck Is Running Out as Nasdaq Issues Another Delisting Notice

The post Luckin Coffee confirms that it received the 2nd de-listing notice from Nasdaq appeared first on Invezz.

Luckin Coffee confirms that it received the 2nd de-listing notice from Nasdaq

Luckin Coffee Inc disclosed on Tuesday that it received a de-listing notice from the Nasdaq Inc last week after it failed to file its annual report, sending the shares of the Chinese coffee chain down about 18%.

Luckin gets another de-listing notice from Nasdaq, shares slump 18%

Luckin Coffee Inc. (NASDAQ: LK) shares are trading lower after the company received a delisting notice from Nasdaq for failure to file its Annual report.

Why Luckin Coffee's  Stock Is Trading Lower Today

It’s the company that just can’t catch a break! In a new SEC filing this morning Luckin Coffee, the embattled China-based and American-listed coffee chain that has become embroiled in scandal, announced that the Nasdaq really wants it gone.

Luckin Coffee discloses that the Nasdaq really wants it gone

Shares of Luckin Coffee Inc. LK, -16.75% plunged 17% in premarket trading Tuesday, after the China-based coffee seller disclosed that it received last week an additional delisting notice from the Nasdaq for its failure to file its 2019 annual report.

Luckin Coffee stock plunges after disclosing it received another delisting notice

BEIJING, June  23, 2020  (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (NASDAQ: LK) today announced that on June 17, 2020, it received an additional written notice (the “Notice”) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company’s failure to file its Form 20-F for the period ended December 31, 2019 (the “Annual Report”) serves as an additional basis for delisting the Company’s securities from the Nasdaq pursuant to Nasdaq Listing Rule 5250(c)(1). This Notice is in addition to the two bases cited in the written notice issued by the Listing Qualifications Staff as disclosed by the Company on May 19, 2020.

Luckin Coffee Receives Delisting Notice from Nasdaq for Failure to File its Annual Report

Luckin Coffee Inc disclosed on Tuesday it received a de-listing notice from the Nasdaq Inc last week after the Chinese coffee chain failed to file its annual report.

Luckin gets another de-listing notice from Nasdaq

Houlihan Lokey

Luckin Coffee has picked investment bank Houlihan Lokey as an adviser, according to sources close to the matter, following an accounting scandal that has seen the Chinese coffee chain's shares plummet and creditors pursue assets held by the firm's family.

Luckin Coffee picks Houlihan Lokey for financial, strategic advice: sources

Get out from LK stock while you can, but don't let Luckin Coffee convince you all other Chinese stocks are frauds. Alibaba certainly isn't.

Don’t Let Luckin Coffee Stock Turn You Off Chinese Companies

Forced selling could damage this stock's price.

Why Luckin Coffee Stock Just Dropped Another 16%

Troubles keep mounting for the Chinese coffee company as a court orders it to pay up to the tune of millions.

Court Rules Against Luckin to Pay Banks After Losses

Close on heels of the resignation of an independent board director, embattled Luckin Coffee Inc – ADR (NASDAQ: LK) is contending with incremental negative news.

Luckin Lenders Win Court Approval To Liquidate Chairman's Stake, Shareholders Seek To Oust Him

This scandal-ridden Chinese stock could torpedo your portfolio.

Is Luckin Coffee a Silent Portfolio Killer?

While it’ll take some time for Luckin Coffee to recover, it does appear that most of the chaos is priced into LK stock.
The post Luckin Coffee May Be a Good Buy After All appeared first on InvestorPlace.

Luckin Coffee May Be a Good Buy After All

The company will host an extraordinary meeting of shareholders soon to determine the fate of its founder and Chairman. But get this -- he wants to be ousted!

Luckin's Chairman Is Pulling Out All the Stops to Retain Control and Avoid Scrutiny

The Chinese coffee chain is being investigated for a massive accounting fraud scandal.

Luckin Coffee Director Resigns 2 Months After Appointment to Audit Committee

BEIJING, June  19, 2020  (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (NASDAQ: LK) today announced the following:

News for Luckin Coffee Stock (LK)