Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its business prospects during the class period surrounding its IPO on August 7, 2025 [1][3]. Group 1: Allegations and Financial Impact - The lawsuit claims that the Offering Documents related to the IPO were negligently prepared, failing to disclose that Firefly overstated demand and growth prospects for its Spacecraft Solutions offerings [3]. - It is alleged that Firefly also overstated the operational readiness and commercial viability of its Alpha rocket program, which, when revealed, would likely have a material negative impact on the company [3]. - Following disappointing financial results reported on September 22, 2025, Firefly's stock price fell by $7.58 per share, 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, leading to a further decline in stock price by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [4]. - As of the filing of the complaint, Firefly's stock price was significantly below the $45.00 per share offering price, indicating substantial damage to investors [4]. Group 2: Class Action Participation - Shareholders who purchased Firefly stock during the class period may be eligible to participate in the class action, with a deadline to submit papers to serve as lead plaintiff by January 12, 2026 [5]. - The lead plaintiff will represent other class members in directing the litigation, although participation is not required to be eligible for recovery [5].
Firefly Aerospace Inc. Stockholders with Large Losses Should Contact Robbins LLP for Information About Leading the FLY Securities Class Action
Globenewswireยท2025-11-21 22:22