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FINAL DEADLINE REMINDER: Faruqi & Faruqi, LLP Reminds Firefly Aerospace Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of January 12, 2026
Businesswire· 2026-01-12 18:39
Core Viewpoint - Firefly Aerospace Inc. is facing a federal securities class action due to allegations of misleading statements regarding its business operations and financial performance, with a deadline for investors to seek lead plaintiff status set for January 12, 2026 [1][3]. Group 1: Allegations and Financial Performance - The complaint alleges that Firefly and its executives violated federal securities laws by making false statements about the demand and growth prospects for its Spacecraft Solutions offerings [3]. - Firefly's operational readiness and commercial viability of its Alpha rocket program were also overstated, which could have a material negative impact on the company once revealed [3]. - In its first earnings report as a public company, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, for the same quarter in 2024 [5]. - Revenue for the second quarter of 2025 was reported at $15.55 million, below analyst estimates of $17.25 million and down 26.2% from the same quarter in 2024 [5]. - The Spacecraft Solutions business segment generated only $9.2 million in revenue, representing a 49% year-over-year decrease [5]. Group 2: Stock Price Impact - Following the earnings report, Firefly's stock price fell by $7.58 per share, or 15.31%, closing at $41.94 per share on September 23, 2025 [6]. - After the disclosure of a failure in the Alpha Flight 7 rocket, the stock price dropped by $7.66 per share, or 20.73%, closing at $29.30 per share on September 30, 2025 [8]. Group 3: Legal Proceedings - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members and will oversee the litigation [9]. - 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 [9]. - The law firm Faruqi & Faruqi encourages individuals with information regarding Firefly's conduct to come forward, including whistleblowers and former employees [10].
January 12, 2026 Deadline: Contact The Gross Law Firm to Join Class Action Suit Against FLY
Globenewswire· 2026-01-08 22:45
Core Viewpoint - The Gross Law Firm has announced a class action lawsuit on behalf of shareholders of Firefly Aerospace Inc. (NASDAQ: FLY) who purchased shares during a specified class period, alleging that the company made materially false and misleading statements regarding its business operations and growth prospects [1][4]. Group 1: Class Action Details - The class period for the lawsuit includes all persons and entities that purchased or acquired Firefly common stock from the initial public offering on August 7, 2025, and securities between August 7, 2025, and September 29, 2025 [3]. - Shareholders are encouraged to register for the class action by January 12, 2026, to potentially be appointed as lead plaintiff, although this is not required to participate in any recovery [5]. Group 2: Allegations Against Firefly Aerospace - The complaint alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [4]. - It is claimed that Firefly also overstated the operational readiness and commercial viability of its Alpha rocket program [4]. - The lawsuit suggests that the revelations of these misstatements would likely have a materially negative impact on the company [4]. Group 3: Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting the rights of investors who have suffered due to deceit, fraud, and illegal business practices [6]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors affected by misleading statements or omissions that led to artificial inflation of stock prices [6].
UPCOMING DEADLINE: Faruqi & Faruqi, LLP Announces that Firefly Aerospace Investors Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2026-01-02 14:52
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of misleading statements and operational issues that have negatively impacted the company's stock performance and investor confidence [4][6]. Group 1: Company Overview - Firefly Aerospace Inc. conducted its initial public offering (IPO) on August 7, 2025, selling 19.296 million shares at a price of $45.00 per share [7]. - The company reported a significant loss of $80.3 million, or $5.78 per share, for the second quarter of 2025, which is an increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [8]. Group 2: Financial Performance - Firefly's revenue for the second quarter of 2025 was $15.55 million, which fell short of analyst estimates of $17.25 million and represented a 26.2% decrease from the same quarter in 2024 [8]. - The revenue from Firefly's Spacecraft Solutions business segment was only $9.2 million, indicating a 49% year-over-year decrease [8]. Group 3: Stock Performance and Legal Implications - Following the financial results announcement, Firefly's stock price dropped by $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [9]. - After a subsequent announcement regarding a failure in the Alpha Flight 7 rocket test, the stock price fell further by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025 [11]. Group 4: Legal Action and Class Action Details - A federal securities class action has been filed against Firefly, with a deadline of January 12, 2026, for investors to seek the role of lead plaintiff [4]. - The complaint alleges that Firefly and its executives made false statements regarding the demand for its offerings and the operational readiness of its rocket program, which could have a material negative impact on the company [6].
FLY Class Action Reminder: Kessler Topaz Meltzer & Check, LLP Reminds Firefly Aerospace Inc. (FLY) Investors of Securities Fraud Class Action Lawsuit Deadline
Prnewswire· 2025-12-23 18:29
Core Viewpoint - A securities class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly making false and misleading statements regarding its business operations and growth prospects during its IPO and subsequent period [1][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Firefly's common stock during its IPO on August 7, 2025, and securities acquired between August 7, 2025, and September 29, 2025 [1]. - The lead plaintiff deadline for the lawsuit is set for January 12, 2026 [1][4]. Group 2: Allegations Against Defendants - The complaint alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [3]. - It is claimed that the Alpha rocket program did not meet its operational readiness and commercial viability as represented [3]. - As a result of these issues, the statements made by the defendants regarding the company's business and prospects were materially false and misleading [3]. Group 3: Legal Representation - Investors affected by the alleged misconduct are encouraged to contact Kessler Topaz Meltzer & Check, LLP for more information and to potentially become lead plaintiffs [5]. - The firm specializes in securities-fraud class actions and has a strong track record in representing both individual and institutional investors [5].
SHAREHOLDER INVESTIGATION: Faruqi & Faruqi, LLP Examining Potential Securities Law Violations at Firefly Aerospace
Businesswire· 2025-12-21 14:44
Core Viewpoint - Firefly Aerospace Inc. is facing a federal securities class action due to allegations of misleading statements regarding its business operations and financial performance, with a deadline for investors to seek lead plaintiff status set for January 12, 2026 [1][3]. Financial Performance - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 each [4]. - In its first earnings report as a public company on September 22, 2025, Firefly reported a loss of $80.3 million, or $5.78 per share, compared to a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [5]. - Revenue for the second quarter of 2025 was $15.55 million, falling short of analyst estimates of $17.25 million and down 26.2% year-over-year [5]. - The Spacecraft Solutions business segment generated only $9.2 million in revenue, representing a 49% decrease from the previous year [5]. Stock Performance - Following the earnings report, Firefly's stock price dropped by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [6]. - After a subsequent announcement regarding a failure in the Alpha Flight 7 rocket test, the stock fell further by $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [8]. Legal Proceedings - The complaint against Firefly alleges that the company overstated demand and growth prospects for its Spacecraft Solutions, as well as the operational readiness of its Alpha rocket program, which could have a material negative impact on the company [3]. - The lead plaintiff in the class action will be the investor with the largest financial interest who is typical of class members [9].
FLY INVESTOR DEADLINE APPROACHING: Faruqi & Faruqi, LLP Announces that Firefly Aerospace Investors Have Opportunity to Lead Class Action Lawsuit
Globenewswire· 2025-12-19 15:13
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of violations of federal securities laws, encouraging affected investors to discuss their legal options before the January 12, 2026 deadline for lead plaintiff applications in a federal securities class action [3][5]. Group 1: Company Overview - Firefly Aerospace Inc. conducted its initial public offering (IPO) on August 7, 2025, selling 19.296 million shares at a price of $45.00 per share [6]. - The company reported a significant loss of $80.3 million, or $5.78 per share, for Q2 2025, which was an increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [7]. - Revenue for Firefly in Q2 2025 was $15.55 million, which was below analyst estimates of $17.25 million and represented a 26.2% decrease from the same quarter in 2024 [7]. Group 2: Stock Performance and Events - Following the Q2 earnings report, Firefly's stock price fell by $7.58 per share, or 15.31%, closing at $41.94 on September 23, 2025 [8]. - On September 29, 2025, Firefly disclosed a failure in the first stage of its Alpha Flight 7 rocket, which raised concerns about the company's ability to meet commercial launch commitments [9]. - The stock price dropped further by $7.66 per share, or 20.73%, closing at $29.30 on September 30, 2025, following the announcement of the rocket failure [10]. Group 3: Legal Implications - The complaint against Firefly alleges that the company and its executives made false or misleading statements regarding the demand for its Spacecraft Solutions and the operational readiness of its Alpha rocket program [5]. - The lawsuit claims that these misrepresentations would likely have a material negative impact on the company once revealed [5]. - Investors are encouraged to contact Faruqi & Faruqi for more information regarding the class action and to discuss their legal rights [12].
Firefly Aerospace Inc. Sued for Securities Law Violations - Investors Should Contact The Gross Law Firm for More Information - FLY
Prnewswire· 2025-12-18 14:00
Core Viewpoint - A class action lawsuit has been initiated against Firefly Aerospace Inc. due to allegations of misleading statements regarding its business operations and financial prospects, particularly related to its Spacecraft Solutions and Alpha rocket program [2]. Group 1: Allegations - The complaint claims that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [2] - It is alleged that Firefly misrepresented the operational readiness and commercial viability of its Alpha rocket program [2] - The lawsuit suggests that these misrepresentations would likely have a significant negative impact on the company once revealed [2] Group 2: Class Period and Registration - The class period for the lawsuit includes all individuals and entities that purchased Firefly common stock from August 7, 2025, to September 29, 2025 [1] - Shareholders are encouraged to register for the class action by January 12, 2026, to be eligible for potential recovery [3] Group 3: Law Firm Information - The Gross Law Firm, which is leading the class action, is recognized for its commitment to protecting investors' rights against deceit and fraud [4] - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements [4]
Kuehn Law Encourages Investors of Firefly Aerospace Inc. to Contact Law Firm
TMX Newsfile· 2025-12-17 15:52
Core Viewpoint - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of Firefly Aerospace Inc. related to misrepresentation of the company's performance and prospects [1]. Group 1: Allegations of Misrepresentation - A federal securities lawsuit claims that insiders at Firefly Aerospace misrepresented or failed to disclose critical information, including overstated demand and growth prospects for its Spacecraft Solutions offerings [2]. - The lawsuit also alleges that Firefly overstated the operational readiness and commercial viability of its Alpha rocket program [2]. - The revelations from the lawsuit are expected to have a material negative impact on the company, indicating that public statements made by Firefly were materially false and misleading [2]. Group 2: Shareholder Actions - Shareholders who purchased FLY shares prior to September 1, 2025, are encouraged to contact Kuehn Law, as there may be limited time to enforce their rights [3]. - Kuehn Law covers all case costs and does not charge its investor clients, emphasizing the importance of shareholder participation in maintaining market integrity [4].
FLY DEADLINE ALERT: Faruqi & Faruqi, LLP Announces that Firefly Aerospace Investors Have Opportunity to Lead Class Action Lawsuit
TMX Newsfile· 2025-12-14 13:12
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Firefly Aerospace Inc. due to allegations of misleading statements and operational issues that have negatively impacted the company's stock performance and investor confidence [2][4]. Group 1: Legal Investigation and Class Action - Faruqi & Faruqi is encouraging investors who suffered losses in Firefly Aerospace to contact them regarding their legal options, particularly those who purchased shares during the IPO or within the defined class period [1][2]. - A federal securities class action has been filed against Firefly, with a deadline of January 12, 2026, for investors to seek the role of lead plaintiff [2]. Group 2: Financial Performance and Stock Impact - Firefly conducted its IPO on August 7, 2025, selling 19.296 million shares at $45.00 each [5]. - In its first earnings report as a public company, Firefly reported a loss of $80.3 million, or $5.78 per share, which was a significant increase from a loss of $58.7 million, or $4.60 per share, in the same quarter of 2024 [6]. - Revenue for the second quarter of 2025 was reported at $15.55 million, falling short of analyst estimates of $17.25 million and representing a 26.2% decline year-over-year [6]. - The Spacecraft Solutions business segment saw a revenue drop of 49% year-over-year, with only $9.2 million reported [6]. - Following the earnings report, Firefly's stock price fell by $7.58, or 15.31%, closing at $41.94 on September 23, 2025 [7]. - After a subsequent announcement regarding a failed rocket stage, the stock price dropped further by $7.66, or 20.73%, closing at $29.30 on September 30, 2025 [8][9]. Group 3: Allegations of Misleading Statements - The complaint against Firefly alleges that the company overstated demand and growth prospects for its Spacecraft Solutions offerings and the operational readiness of its Alpha rocket program [4]. - It is claimed that these misrepresentations would likely have a material negative impact on the company once revealed, affecting the integrity of the Offering Documents and public statements made during the class period [4].
FLY Class Action Alert: Kessler Topaz Meltzer & Check, LLP Reminds Firefly Aerospace Inc. (FLY) Shareholders of Securities Fraud Class Action Lawsuit Deadline
Prnewswire· 2025-12-12 19:45
Core Viewpoint - A securities class action lawsuit has been filed against Firefly Aerospace Inc. for allegedly making false and misleading statements regarding its business operations and growth prospects during its IPO and subsequent period [1][2]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased Firefly's common stock during the IPO on August 7, 2025, and securities between August 7, 2025, and September 29, 2025 [1]. - The lead plaintiff deadline for the lawsuit is set for January 12, 2026 [1]. Group 2: Allegations Against Defendants - The complaint alleges that Firefly overstated the demand and growth prospects for its Spacecraft Solutions offerings [2]. - It is claimed that the Alpha rocket program did not meet its operational readiness and commercial viability as represented [2]. - As a result of these issues, the statements made by the defendants regarding the company's business and prospects were materially false and misleading [2]. Group 3: Lead Plaintiff Process - Investors may seek to be appointed as a lead plaintiff representative of the class by the January 12, 2026 deadline [3]. - The lead plaintiff will act on behalf of all class members and select counsel to represent the class [3]. Group 4: Law Firm Background - Kessler Topaz Meltzer & Check, LLP is a prominent U.S. plaintiff-side law firm specializing in securities-fraud class actions and investor protection [4]. - The firm has a history of leading significant recoveries in securities litigation and has received numerous accolades in the legal field [4].