The Gross Law Firm Notifies Elastic N.V. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Elastic N.V. regarding a class action lawsuit due to alleged misleading statements and operational disruptions affecting sales during FY 2025 [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from May 31, 2024, to August 29, 2024 [3]. - Allegations include that Elastic made materially false and misleading statements, failed to disclose significant changes in sales operations, and overstated the stability of its sales operations [3]. Impact on Financial Guidance - The changes in sales operations were likely to disrupt Elastic's sales during the first quarter of FY 2025, leading to the company being unlikely to meet its previously issued revenue guidance for FY 2025 [3]. Next Steps for Shareholders - Shareholders are encouraged to register for the class action by April 14, 2025, to potentially become lead plaintiffs and receive updates on the case [4]. - There is no cost or obligation for shareholders to participate in the case [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for losses incurred due to false or misleading statements by companies [5].