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

GlobeNewswire Inc. • Dec 30, 2025 9:59am (New York) •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 IPO offering documents negligently failed to disclose overstated demand for spacecraft solutions and operational readiness of the Alpha rocket program. Following disappointing Q2 2025 financial results on September 22 and a rocket failure disclosure on September 29, Firefly's stock price declined significantly, falling from $45.00 IPO price to $29.30 per share.

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Insights

FLY negative

The company faces a class action lawsuit alleging negligent disclosure of material information regarding overstated demand and operational readiness. Stock price declined 36% from IPO price to $29.30, with two major negative catalysts in September 2025 (disappointing earnings and rocket failure).

Keywords

#class action lawsuit #securities fraud #IPO #stock price decline #rocket failure #financial misstatement

Tickers

FLY

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