January 20, 2021 - A second amended consolidated complaint was filed.

November 20, 2020 - An amended consolidated complaint was filed.

June 9, 2020 - An investor in shares of Hebron Technology Co., Ltd. (NASDAQ: HEBT) filed a lawsuit in the U.S. District Court for the Southern District of New York over alleged violations of Federal Securities Laws by Hebron Technology Co., Ltd. in connection with certain allegedly false and misleading statements made between April 24, 2020 and June 3, 2020.

China based Hebron Technology Co., Ltd., through its subsidiaries, researches, develops, manufactures, and installs valves, pumps, pipe fittings, and other products in the People's Republic of China.

On June 3, 2020, Grizzly Research presented a report alleging that Hebron Technology Co., Ltd. is an insider enrichment scheme without economic basis, citing questionable transactions including an undisclosed related party transaction for nearly $26 million. Shares of Hebron Technology Co., Ltd. (NASDAQ: HEBT) declined from $23.40 per share on June 1, 2020 to as low as $10.95 per share on June 4, 2020.

According to the complaint the plaintiff alleges on behalf of purchasers of Hebron Technology Co., Ltd. (NASDAQ: HEBT) common shares between April 24, 2020 and June 3, 2020, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between April 24, 2020 and June 3, 2020 the Defendants failed to disclose to investors that many of Hebron’s acquisitions, including Beijing Hengpu and Nami Holding (Cayman) Co., Ltd., involved undisclosed related parties, that the Company’s disclosure controls regarding related party transactions was ineffective, and that, 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.