Core Viewpoint - A class action lawsuit has been filed against Flywire Corporation for allegedly overstating revenue growth and understating the negative impacts of permit and visa-related restrictions on its business [1][2]. Financial Performance - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, expecting revenue declines of over 30% year-over-year in Canadian and Australian markets due to recent policy changes and new visa rules [3]. - Following the announcement, Flywire's stock price fell by $6.59, or 37.36%, closing at $11.05 per share on February 26, 2025 [3]. Legal Proceedings - The lawsuit is on behalf of all individuals and entities who purchased Flywire securities between February 28, 2024, and February 25, 2025, with a deadline of September 23, 2025, for investors to apply as lead plaintiffs [1][4].
FLYWIRE (FLYW) ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Flywire Corporation and Encourages Investors to Contact the Firm