Core Viewpoint - A class action securities lawsuit has been filed against Joint Stock Company Kaspi.kz, alleging securities fraud that affected investors between January 19, 2024, and September 19, 2024 [1][2]. Group 1: Allegations - The lawsuit claims that Joint Stock Company Kaspi.kz continued business with Russian entities and provided services to Russian citizens after Russia's invasion of Ukraine, exposing the company to undisclosed sanction risks [2]. - It is alleged that the company engaged in undisclosed related party transactions [2]. - Certain executives of the company are claimed to have links to reputed criminals, which contributed to misleading statements about the company's business and operations [2]. Group 2: Legal Process - Investors who suffered losses during the specified timeframe have until February 18, 2025, to request appointment as lead plaintiff, although participation in any recovery does not require serving as a lead plaintiff [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing hundreds of millions of dollars for shareholders and is recognized as one of the top securities litigation firms in the United States [4].

NEW YORK, Feb. 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=126268&from=4CLASS PERI ...

NEW YORK, Jan. 30, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=125748&from=4CLASS PER ...

Transaction Details - Kaspi kz completed the acquisition of 40 000 000 Class A and 173 246 220 Class B shares of Hepsiburada representing 65 41% of the total outstanding share capital of Hepsiburada [1][7] - The total consideration for the shares was approximately $1 127 million with $600 million paid in cash on the Closing Date and $526 9 million of Deferred Cash Consideration to be paid within six months [7] - Kaspi kz pledged 65 199 658 Class B shares of Hepsiburada as collateral for the Deferred Cash Consideration [7] Strategic Rationale - The acquisition expands Kaspi kz's addressable market to 100 million people aligning with its strategic priority [2] - The combined knowledge and technology of Kaspi kz and Hepsiburada will drive fast and sustainable bottom-line growth [3] - The partnership aims to advance ecommerce and digital services in Türkiye and Kazakhstan benefiting SMEs and entrepreneurs in both countries [4] Management Commentary - Mikheil Lomtadze CEO of Kaspi kz emphasized the focus on profitable growth and leveraging combined expertise for future success [3] - Hanzade Doğan Founder of Hepsiburada highlighted the alignment with Kaspi kz's mission of sustainable growth and value creation [5] Company Overview - Kaspi kz operates a unique two-sided Super App model with 14 million MAU in 2023 and 581 thousand merchant partners [8][9] - The company's Super Apps provide access to Payments Marketplace and Fintech Platforms designed to meet everyday needs [10] - Kaspi kz's business model combines a highly engaged user base best-in-class digital products and a capex lite approach resulting in strong top-line growth and profitability [11]

ALMATY, Kazakhstan, Jan. 27, 2025 (GLOBE NEWSWIRE) -- Kaspi.kz (KSPI US) will report its financial results for the quarter and year ended December 31, 2024, on Monday, 24th February, 2025. On that day, management will hold a conference call and webcast at 8.00am EST (1pm GMT, 6.00pm Astana time) to review and discuss the company's results for the period. 4th Quarter & FY 2024 Financial Results Conference Call Monday, 24th February, 2025 To pre-register for this call, please go to the following link: https: ...

NEW YORK, Jan. 24, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Joint Stock Company Kaspi.kz ("Joint Stock Company Kaspi.kz" or the "Company") (NASDAQ: KSPI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Joint Stock Company Kaspi.kz investors who were adversely affected by alleged securities fraud between January 19, 2024 and September 19, 2024. Follow the link below to get more information and be contacted by a member of our team ...

NEW YORK, Jan. 23, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI).Shareholders who purchased shares of KSPI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/joint-stock-company-kaspi-kz-loss-submission-form/?id=124342&from=4 CLASS PE ...

KSPI INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces that Joint Stock Company Kaspi.kz Investors Have Opportunity to Lead Class Action Lawsuit! ...

Contact Levi & Korsinsky by February 18, 2025 Deadline to Join Class Action Against Joint Stock Company Kaspi.kz (KSPI) ...

Investors who lost money on Joint Stock Company Kaspi.kz(KSPI) should contact Levi & Korsinsky about pending Class Action - KSPI ...