FLY Investors are Encouraged to Contact Robbins LLP for Information About the Lead Plaintiff Deadline in the Securities Class Action Against Firefly Aerospace Inc.
Prnewswire·2025-12-01 20:43

Core Viewpoint - Firefly Aerospace Inc. is facing a class action lawsuit due to allegations of misleading investors regarding its business prospects and operational readiness, particularly related to its IPO and subsequent financial performance [1][3]. Company Overview - Firefly Aerospace Inc. operates in the space and defense technology sector, providing mission solutions for national security, government, and commercial customers [1]. Class Action Details - The class period for the lawsuit is defined as August 7, 2025, the date of the IPO, to September 29, 2025 [1]. - The lawsuit claims that the Offering Documents related to the IPO were negligently prepared and failed to disclose critical information about the company's growth prospects and operational readiness [3]. Allegations Against Firefly - Specific allegations include: - Overstating demand and growth prospects for its Spacecraft Solutions offerings [3]. - Overstating the operational readiness and commercial viability of its Alpha rocket program [3]. - The revelation of these issues is expected to have a material negative impact on the company [3]. Financial Impact - On September 22, 2025, Firefly reported disappointing financial results for Q2 2025, leading to a stock price drop of $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [4]. - Following a disclosure on September 29, 2025, regarding a loss of the first stage of the Alpha Flight 7 rocket, the stock price fell an additional $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 losses for investors [4].