Firefly IPO Lawsuits Spur New Shareholder Outreach as Lead‑Plaintiff Deadline Nears

Plaintiffs contend the company overstated demand and Alpha rocket readiness, claims they say were laid bare by late‑September setbacks.

Overview

On December 1, 2025, DJS Law Group, The Schall Law Firm, The Gross Law Firm, Robbins LLP, and Johnson Fistel issued notices urging Firefly investors to seek lead‑plaintiff roles by January 12, 2026.
The actions target investors who bought shares in the August 7, 2025 IPO or purchased Firefly (NASDAQ: FLY) securities between August 7 and September 29, 2025.
Complaints allege the company exaggerated growth and demand for its Spacecraft Solutions business and overstated the operational readiness and commercial viability of its Alpha rocket program.
Filings cite a September 22 Q2 miss and a September 29 disclosure that Alpha Flight 7 lost its first stage, after which the stock fell about 15% and then 21% to $29.30, remaining below the $45 offering price.
The class has not been certified and the allegations are unproven, and potential class members may choose to remain absent or seek appointment to help direct the litigation.