Core Viewpoint - A class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly misleading investors regarding the company's financial health and operational capabilities, particularly related to its IPO and subsequent performance [6]. 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 [6]. - Investors have until January 12, 2026, to apply to be appointed as lead plaintiff in the lawsuit [6]. - The complaint alleges that the Offering Documents were negligently prepared and failed to disclose critical information about the company's growth prospects and operational readiness [6]. Group 2: 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 [6]. - Following a disclosure on September 29, 2025, regarding an incident with the Alpha Flight 7 rocket, the stock price fell by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [6]. - 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 [6].
FIREFLY URGENT CLASS ACTION DEADLINE: Bragar Eagel & Squire, P.C. Urges Firefly Stockholders to Contact the Firm Before January 12th Regarding Their Rights
Globenewswire·2026-01-09 17:19