Core Viewpoint - Kaspi.kz is under investigation for potential violations of federal securities laws following a report by Culper Research alleging that the company misled investors regarding its ties to Russia and its business practices [2][3]. Group 1: Allegations and Impact - Culper Research's report claims that Kaspi.kz has systematically misled U.S. investors and regulators about having zero exposure to Russia, particularly before its NASDAQ listing in January 2024 [2]. - The report suggests that Kaspi's relationships with Russian partners are extensive and have materially contributed to its growth since Russia's invasion of Ukraine in February 2022 [2]. - Following the report's release, Kaspi.kz's American Depositary Shares (ADS) dropped by 16.1% on September 19, 2024, and an additional 2.7% on September 20, 2024 [2]. Group 2: Legal Options for Investors - Investors in Kaspi.kz are encouraged to seek legal options and can submit their information to Rosen Law Firm, which operates on a contingency fee basis, meaning no upfront costs for shareholders [3][4].

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Kaspi.kz (“Kaspi” or “the Company”) (NASDAQ: KSPI) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Kaspi investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Por ...

NEW YORK, Nov. 02, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate Joint Stock Company Kaspi.kz (NASDAQ: KSPI) for potential violations of the federal securities laws. If you invested in Kaspi.kz, you are encouraged to obtain additional information by visiting https://rosenlegal.com/case/joint-stock-company-kaspi-kz/. Why did Kaspi.kz’s Stock Drop? On September 19, 2024, Culper Research issued a report entitled “Kaspi.kz (KSPI): The NASDAQ-Listed Fintech ...

Joint Stock Company Kaspi.kz (OTC:KSPI) Q3 2024 Earnings Conference Call October 21, 2024 8:00 AM ET Company Participants David Ferguson - MD, Head of IR Mikheil Lomtadze - CEO and Co-Founder Conference Call Participants Gabor Kemeny - Autonomous Research Soomit Datta - New Street Research James Friedman - Susquehanna Reggie Smith - JPMorgan Mikhail Butkov - Goldman Sachs David Shapiro - Vanshap Capital Operator Hello, and welcome to the Kaspi.kz 3Q and 9M 2024 Financial Results Conference Call. My name is ...

NEW YORK, Oct. 20, 2024 (GLOBE NEWSWIRE) -- Rosen Law Firm, a leading securities law firm, announces an investigation into Joint Stock Company Kaspi.kz (NASDAQ: KSPI) for potential violations of the federal securities laws. If you invested in KSPI, you are encouraged to obtain additional information by visiting https://rosenlegal.com/submit-form/?case_id=29172. Why did KSPI's stock drop? On September 19, 2024, Culper Research issued a report entitled "Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money ...

ALMATY, Kazakhstan, Oct. 18, 2024 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz ("Kaspi.kz", "we") (Nasdaq:KSPI) which operates the Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants, today publishes its unaudited consolidated IFRS financial results for the quarter and nine months ended 30 September 2024 ("3Q & 9M 2024"). 9M 2024 Highlights Timing of marketing campaigns has distorted GMV growth between 2Q and 3Q. 9M 2024 is more representative of business performance with revenue and ...

Exhibit 99.1 EXECUTION VERSION | --- | --- | |-------|--------------------------------------------------------------------------------------------------------------------------------| | | STOCK PURCHASE AGREEMENT | | | BY AND AMONG | | | HANZADE VASFİYE DOĞAN BOYNER, VUSLAT DOĞAN SABANCI, YAŞAR BEGÜMHAN DOĞAN FARALYALI, ARZUHAN DOĞAN YALÇINDAĞ, AND IŞIL DOĞAN, | | | AS THE SELLERS, | | | AND | | | JOINT STOCK COMPANY KASPI.KZ, | | | AS THE BUYER | | | DATED AS OF OCTOBER 17, 2024 | | --- | --- | |---------- ...

NEW YORK, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm the Rosen Law Firm announces an investigation into Joint Stock Company Kaspi.kz (NASDAQ: KSPI) for potential violations of the federal securities laws. If you invested in KSPI, you are encouraged to obtain additional information by visiting https://rosenlegal.com/submit-form/?case_id=29172. Why did KSPI's stock drop? On September 19, 2024, Culper Research issued a report entitled "Kaspi.kz (KSPI): The NASDAQ-Listed Fintech Moving Money ...

Kazakhstan's dominant 'super-app' Kaspi ( OTC:KSPI ) has come a long way since its commercial banking roots. But all of that seems to have been forgotten over the last week or so following a report by short-seller Culper Research (see Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensati ...

NEW YORK, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Joint Stock Company Kaspi.kz (NASDAQ: KSPI) resulting from allegations that Kaspi.kz may have issued materially misleading business information to the investing public. So What: If you purchased Kaspi.kz securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency ...