SPT LAWSUIT ALERT: The Gross Law Firm Notifies Sprout Social, Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Points - The Gross Law Firm has issued a notice to shareholders of Sprout Social, Inc. regarding allegations of misleading statements and omissions during a specified class period [2][3] - The allegations include claims that the company's sales and revenue growth were not reflective of its actual growth due to challenges in transitioning to an enterprise sales cycle and integration issues with the acquisition of Tagger [3] - The company is expected to revise its fiscal year 2024 revenue guidance as a result of these challenges, which has led to claims that previous positive statements about the company's business were materially misleading [3] Class Action Details - The class period for the allegations is from November 2, 2023, to May 2, 2024, with a deadline for shareholders to register for the class action by July 12, 2024 [6] - Shareholders who purchased shares during this period are encouraged to contact the Gross Law Firm regarding potential lead plaintiff appointment, although this is not required to participate in any recovery [4][6] - Once registered, shareholders will receive updates through a portfolio monitoring software throughout the lifecycle of the case [6]