Portnoy Law Firm Announces Class Action on Behalf of Firefly Aerospace, Inc. Investors

Core Viewpoint - Firefly Aerospace, Inc. is facing a class action lawsuit due to alleged misrepresentations regarding its IPO and subsequent financial performance, which has led to significant stock price declines for investors [1][3][4]. Summary by Sections Class Action Details - The Portnoy Law Firm is advising investors who purchased Firefly securities between August 7, 2025, and September 29, 2025, to consider joining a class action lawsuit, with a deadline for filing a lead plaintiff motion set for January 12, 2026 [1]. Allegations of Misrepresentation - The complaint claims that the Offering Documents related to Firefly's IPO were negligently prepared, failing to disclose critical information about the company's growth prospects and operational readiness of its Alpha rocket program [3]. Financial Performance Impact - On September 22, 2025, Firefly reported disappointing financial results for Q2 2025, resulting in a stock price drop of $7.58 per share (15.31%) to close at $41.94 on September 23, 2025. Following a further disclosure on September 29, 2025, regarding an incident with the Alpha Flight 7 rocket, the stock fell an additional $7.66 per share (20.73%) to close at $29.30 on September 30, 2025 [4]. - As of the filing of the complaint, Firefly's stock price was trading significantly below the $45.00 per share Offering price, indicating substantial losses for investors [4]. Legal Representation - The Portnoy Law Firm has a history of recovering over $5.5 billion for investors affected by corporate wrongdoing, indicating a strong capability in handling such cases [5].