Core Viewpoint - A class action lawsuit has been filed against PubMatic, Inc. concerning allegations of securities fraud and unlawful business practices [2][3]. Group 1: Lawsuit Details - The lawsuit involves claims that PubMatic and certain officers and/or directors engaged in securities fraud or other unlawful business practices [2]. - Investors who purchased or acquired PubMatic securities during the Class Period have until October 20, 2025, to request to be appointed as Lead Plaintiff [3]. Group 2: Financial Performance and Impact - On August 11, 2025, PubMatic announced its financial results for Q2 2025, indicating a reduction in ad spend from a top demand side platform (DSP) partner [3]. - The CEO of PubMatic stated that a significant number of clients had shifted to a new platform, which has caused substantial challenges for the company [3]. - Following the announcement, PubMatic's stock price dropped by $2.23 per share, or 21.1%, closing at $8.34 per share on August 12, 2025 [3].
INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in PubMatic, Inc. of Class Action Lawsuit and Upcoming Deadlines - PUBM