Investigation: DiCello Levitt LLP Commences Investigation into Firefly Aerospace (NASDAQ:FLY)

Core Insights - DiCello Levitt LLP has initiated an investigation into Firefly Aerospace Inc. regarding potential violations of U.S. federal securities laws, focusing on possible false or misleading statements made by the company and its executives [1] Investigation Details - Firefly Aerospace conducted an initial public offering on August 7, 2025, selling 19.3 million shares at $45.00 per share, raising $933.1 million in net proceeds [3] - On September 22, 2025, Firefly reported a second-quarter loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, in the same quarter the previous year. Revenue was reported at $15.55 million, falling short of analyst estimates of $17.25 million and down 26.2% year-over-year. Following this announcement, the stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [4] - On September 29, 2025, Firefly disclosed a loss of the first stage of its Alpha Flight 7 rocket during testing, leading to a further stock price decline of $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [4]