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Investor Alert: Robbins LLP Informs Investors of the Firefly Aerospace Inc. Class Action Lawsuit
Prnewswireยท2025-11-12 13:17

Core Viewpoint - A class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly misleading investors regarding its business prospects and operational readiness, particularly related to its IPO and subsequent financial disclosures [1][2]. Group 1: Allegations and Financial Impact - The complaint claims that the Offering Documents for the IPO were negligently prepared, failing to disclose overstated demand and growth prospects for Firefly's Spacecraft Solutions, as well as the operational readiness of its Alpha rocket program [2]. - Following disappointing financial results for Q2 2025, Firefly's stock price dropped by $7.58 per share (15.31%) to close at $41.94 on September 23, 2025 [3]. - After a significant operational setback with the Alpha Flight 7 rocket, the stock price fell further by $7.66 per share (20.73%) to close at $29.30 on September 30, 2025, indicating a substantial decline from the $45.00 per share IPO price [3]. Group 2: Legal Proceedings and Participation - Shareholders may be eligible to participate in the class action and can contact Robbins LLP if they wish to serve as lead plaintiffs, representing other class members in the litigation [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4].