SHCR - Bragar Eagel & Squire P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against SpaceMobile Sharecare Rivian and GoodRx and Encourages Investors to Contact the Firm | Benzinga
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of AST SpaceMobile, Inc. (NASDAQ:ASTS), Sharecare, Inc. (NASDAQ:SHCR), Rivian Automotive, Inc. (NASDAQ:RIVN), and GoodRx Holdings, Inc. (NASDAQ:GDRX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.
AST SpaceMobile, Inc. (NASDAQ:ASTS)
Class Period: November 14, 2023 - April 1, 2024
Lead Plaintiff Deadline: June 17, 2024
On April 1, 2024, after the market closed, SpaceMobile issued a press release disclosing that production of five Block 1 BlueBird satellites had been "impacted by two suppliers, leading to delays in integration and testing." As a result, these five satellites were expected to be transported to the launch site between July and August 2024, later than the previously expected launch in the first quarter of 2024.
On this news, SpaceMobile's stock price fell $0.62, or 23.6%, to close at $2.01 per share on April 2, 2024, on unusually heavy trading volume.
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (1) that production of the Company's five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (2) that a result, the Company had not substantially completed the production of the Block 1 BlueBird satellites; (3) that, as a result, the Company's five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
For more information on the SpaceMobile class action go to: https://bespc.com/cases/ASTS
Sharecare, Inc. (NASDAQ:SHCR)
Class Period: May 10, 2023 - March 28, 2024
Lead Plaintiff Deadline: June 18, 2024
According to the filed complaint, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Sharecare lacked adequate internal controls and; (2) as a result, Defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.
For more information on the Sharecare class action go to: https://bespc.com/cases/SHCR
Rivian Automotive, Inc. (NASDAQ:RIVN)
Class Period: ...