SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Joint Stock Company Kaspi.kz of Class Action Lawsuit and Upcoming Deadlines - KSPI

Core Viewpoint - A class action lawsuit has been filed against Joint Stock Company Kaspi.kz, alleging securities fraud and unlawful business practices [1][2]. Group 1: Lawsuit Details - The lawsuit is based on claims that Kaspi.kz and its officers have engaged in misleading practices regarding their exposure to Russia [2]. - Shareholders who purchased Kaspi.kz securities during the Class Period have until February 18, 2025, to apply as Lead Plaintiff [3]. Group 2: Research Report Findings - Culper Research issued a report claiming that Kaspi.kz has misled U.S. investors about its ties to Russia, particularly ahead of its NASDAQ listing in January 2024 [3]. - The report alleges that Kaspi.kz's growth has been materially supported by relationships with Russian partners, especially following Russia's invasion of Ukraine [3]. - Concerns are raised regarding Kaspi.kz's dealings with sanctioned individuals and the potential risks to its valuation and U.S. listing [3]. Group 3: Market Reaction - Following the release of the report, Kaspi.kz's stock price fell by $22.53 per American Depositary Share, a decline of 18.83%, closing at $97.10 per ADS on December 20, 2024 [3].