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News  ›  GlobeNewswire Inc.

Portnoy Law Firm Announces Class Action on Behalf of Firefly Aerospace, Inc. Investors

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Portnoy Law Firm
Portnoy Law Firm Announces Class Action on Behalf of Firefly Aerospace, Inc. Investors

The Portnoy Law Firm has announced a class action lawsuit on behalf of Firefly Aerospace (NASDAQ: FLY) investors who purchased securities between August 7, 2025 and September 29, 2025. The complaint alleges that offering documents failed to disclose overstated demand for spacecraft solutions and operational readiness of the Alpha rocket program. Following disappointing Q2 2025 results and a rocket failure on September 29, 2025, Firefly's stock price declined significantly, falling from $45.00 at IPO to $29.30 per share.

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The company is the subject of a class action lawsuit alleging negligent preparation of IPO offering documents with material omissions regarding overstated demand and operational readiness. The stock experienced significant declines (15.31% and 20.73%) following disappointing financial results and a rocket failure, trading well below the $45.00 offering price.