FIREFLY URGENT CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds Firefly Stockholders that a Class Action Lawsuit Has Been Filed Against Firefly Aerospace Inc. and Encourages Investors to Contact the Firm
Globenewswire·2026-01-05 21:44

Core Viewpoint - A class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly misleading investors regarding the company's IPO and subsequent financial performance [7]. Group 1: Lawsuit Details - The lawsuit is on behalf of all individuals and entities who purchased Firefly common stock during the IPO on August 7, 2025, and those who acquired shares between August 7, 2025, and September 29, 2025 [7]. - Investors have until January 12, 2026, to apply to the Court to be appointed as lead plaintiff in the lawsuit [7]. Group 2: Allegations - The complaint alleges that the Offering Documents related to the IPO were negligently prepared, failing to disclose critical information about the company's operations and growth prospects [7]. - Specific allegations include overstated demand for Firefly's Spacecraft Solutions, overstated operational readiness of the Alpha rocket program, and the potential negative impact on the company once these issues were revealed [7]. Group 3: Financial Impact - 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 [7]. - On September 29, 2025, after disclosing an incident with the Alpha Flight 7 rocket, the stock price dropped by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [7]. - As of the filing of the complaint, Firefly's stock continues to trade significantly below the $45.00 per share Offering price, indicating substantial losses for investors [7].