Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Smart Digital Group Limited due to allegations of securities law violations, urging affected investors to participate in a class action lawsuit [4][6]. Group 1: Allegations Against Smart Digital - The complaint alleges that Smart Digital and its executives made false or misleading statements and failed to disclose significant risks related to market manipulation and fraudulent promotion schemes [6]. - Specific allegations include the use of social media misinformation to inflate stock prices, insider trading through offshore accounts, and omissions of risks associated with fraudulent trading [6]. - The company's stock price collapsed by 86.4% to $1.85 per share on September 26, 2025, following a trading halt by NASDAQ due to volatility and subsequent SEC suspension of trading due to potential manipulation [7]. Group 2: Legal Proceedings and Investor Actions - Investors who purchased Smart Digital securities between May 5, 2025, and September 26, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal rights and options [1][4]. - The deadline for seeking the role of lead plaintiff in the federal securities class action is March 16, 2026 [4]. - Any member of the putative class can move the court to serve as lead plaintiff or remain an absent class member without affecting their ability to share in any recovery [8].
SDM SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Reminds Smart Digital (SDM) Investors of Securities Class Action Deadline on March 16, 2026