Firefly Investors Face Jan. 12 Lead-Plaintiff Deadline in Securities Class Action

Overview

• A federal securities class action has been filed for investors who bought shares tied to the August 7, 2025 IPO or between August 7 and September 29, 2025.
• The complaint alleges Firefly overstated demand and growth for its Spacecraft Solutions business and overstated the readiness and commercial viability of its Alpha rocket program.
• Firefly’s IPO sold 19.296 million shares at $45, and on September 22 the company reported a $80.3 million loss with $15.55 million revenue and a 49% year-over-year drop in Spacecraft Solutions revenue, prompting a roughly 15% stock decline the next day.
• On September 29 the company disclosed the loss of the Alpha Flight 7 first stage, and the stock fell about 20.7% by September 30.
• Kirby McInerney, Schall, DJS Law Group, Faruqi & Faruqi, Johnson Fistel, and Levi & Korsinsky are urging investors to seek lead-plaintiff status by January 12, 2026, while no class has been certified and the allegations remain unproven.