INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ostin Technology Group Co., Ltd. of Class Action Lawsuit and Upcoming Deadlines – OST
OstinOstin(US:OST) Globenewswire·2026-03-03 19:06

Core Viewpoint - A class action lawsuit has been filed against Ostin Technology Group Co., Ltd. for alleged securities fraud and unlawful business practices, with significant investor losses reported [2][4]. Group 1: Lawsuit Details - The lawsuit concerns allegations that Ostin and certain officers/directors engaged in a multifaceted securities fraud scheme, resulting in investor losses exceeding $950 million in market capitalization [2][4]. - Investors have until April 17, 2026, to request appointment as Lead Plaintiff if they purchased Ostin securities during the Class Period [2]. Group 2: Financial Impact - The fraudulent promotional campaign inflated Ostin's market capitalization from approximately $22 million (stock price of $0.78 on April 14, 2025) to over $1 billion (peak stock price of $9.40 on June 26, 2025) [4]. - On June 26, 2025, Ostin investors faced significant losses, with over $950 million (more than 94%) of market capitalization lost in a single day as the stock price fell from an intraday high of $9.40 to a closing price of $0.55 [5].

INVESTOR ALERT: Pomerantz Law Firm Reminds Investors with Losses on their Investment in Ostin Technology Group Co., Ltd. of Class Action Lawsuit and Upcoming Deadlines – OST - Reportify