C3.ai(US:AI) Globenewswire·2026-03-03 21:27Core Viewpoint - C3.ai, Inc. is under investigation for potential securities fraud and unlawful business practices following disappointing financial results and a significant workforce reduction [1][3]. Financial Performance - On February 25, 2026, C3 announced its fiscal third quarter results for the period ending January 31, 2026, which were significantly below consensus estimates [3]. - The company revealed a restructuring plan that includes a 26% reduction in its global workforce, estimating pre-tax restructuring charges of approximately $10.0 million to $12.0 million for the fourth quarter of fiscal year 2026 [3]. - Following the announcement, C3's stock price dropped by $1.91 per share, or 18.53%, closing at $8.40 per share on February 26, 2026 [3]. Legal Investigation - Pomerantz LLP is investigating claims on behalf of C3 investors regarding possible securities fraud or other unlawful business practices by the company and its officers and directors [1].