Investor Notice: Robbins LLP Informs Stockholders of the Class Action Lawsuit Filed Against GitlLab Inc.

Core Viewpoint - A class action lawsuit has been filed against GitLab Inc. for allegedly misleading investors about the demand for its AI-driven software solutions during the specified period [1][2]. Allegations - The complaint claims that GitLab misrepresented its ability to develop AI technologies that would enhance software development efficiency and market demand, while in reality, there was weak demand for these features [2]. - The company faced increasing expenses related to its joint venture in China and its annual summit, contradicting the positive narrative presented to investors [2]. Stock Performance - Following GitLab's press release on March 4, 2024, which reported strong Q1 2024 results but also provided lower than expected guidance for 2025, the stock price fell from $74.47 to $58.84, a decline of approximately 21% [3]. Class Action Participation - Shareholders interested in participating as lead plaintiffs in the class action must submit their applications by November 4, 2024, although participation is not required to be eligible for recovery [4]. Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [5]. - The firm has a history of successfully litigating securities class actions and has recovered over $1 billion for shareholders since its inception [6].