FLY Stockholder Alert: Shareholder Rights Law Firm Robbins LLP Reminds Investors of the Securities Class Action Against Firefly Aerospace Inc.
Globenewswire·2025-11-13 13:19

Core Viewpoint - A class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly misleading investors regarding its business prospects and financial performance [1][2]. Allegations - The Offering Documents related to Firefly's IPO were claimed to be negligently prepared, failing to disclose key issues such as overstated demand for Spacecraft Solutions, overstated operational readiness of the Alpha rocket program, and the potential material negative impact of these revelations on the company [2]. Financial Impact - On September 22, 2025, Firefly reported disappointing Q2 2025 financial results, leading to 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 a loss of the first stage of 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. The stock price remained significantly below the $45.00 per share Offering price at the time the complaint was filed [3]. Class Action Participation - Shareholders may be eligible to participate in the class action against Firefly Aerospace Inc. Those interested in serving as lead plaintiffs should contact Robbins LLP, although participation is not required for recovery [4]. Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, aiming to help shareholders recover losses and improve corporate governance since 2002 [5].