Marqeta, Inc. Class Action Alert: Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Marqeta, Inc.

Lawsuit Allegations - The Complaint alleges that Marqeta understated regulatory challenges affecting its business outlook, leading to a need to cut its guidance for Q4 2024 [1] - Defendants' public statements are alleged to have been materially false and/or misleading during the relevant period [1] - The press release stated that the Company's guidance reflects changes due to heightened scrutiny of the banking environment and specific customer program changes [2] Financial Impact - Marqeta issued a press release on November 4, 2024, reporting Q3 2024 financial results and providing Q4 guidance of 10-12% Net Revenue Growth and 13-15% Gross Profit Growth, significantly lower than the previously projected 16-18% net revenue growth and 22-24% gross profit growth [5] - Following the news, Marqeta's stock price fell $2 53 per share, or 42 5%, to close at $3 42 per share on November 5, 2024 [6] Legal Action - A securities class action lawsuit has been filed on behalf of those who purchased or acquired Marqeta securities between August 7, 2024, and November 4, 2024 [3] - Investors who incurred losses are advised to contact Wolf Haldenstein Adler Freeman & Herz LLP by February 7, 2025, to request appointment as lead plaintiff [2][4]