SPROUT SOCIAL NOTICE: If You Suffered Losses on Your Sprout Social (Nasdaq: SPT) Investment, You are Reminded to Contact BFA Law Before Approaching July 2024 Legal Deadline

Core Viewpoint - Sprout Social is facing a lawsuit for alleged violations of federal securities laws, with claims that the company misled investors regarding its sales growth, integration challenges, and future revenue guidance [1]. Group 1: Allegations Against Sprout Social - The lawsuit alleges that from November 2, 2023, to May 2, 2024, Sprout Social failed to disclose that its sales and revenue growth were not reflective of its transition to an enterprise sales cycle [1]. - The company reportedly faced integration challenges with its acquisition of Tagger, leading to "sales headwinds" [1]. - As a result of these issues, Sprout Social is expected to revise its fiscal year 2024 revenue guidance, which contradicts previous positive statements made by the company about its business and prospects [1]. Group 2: Impact on Stock and Investor Actions - Following the announcement of the lawsuit, Sprout Social's stock declined approximately 40% the next day [7]. - Investors who suffered losses are encouraged to submit their information to understand their rights and potential actions [7].