Firefly Securities Suits Gather Steam Before Jan. 12 Lead Plaintiff Deadline

Overview

• Plaintiff firms including Kirby McInerney, The Schall Law Firm, DJS Law Group, Faruqi & Faruqi, and Johnson Fistel are urging Firefly investors to seek lead‑plaintiff status by January 12, 2026.
• The actions target investors who bought in the August 7, 2025 IPO or acquired shares through September 29, 2025.
• Complaints allege Firefly overstated demand and growth for its Spacecraft Solutions segment as well as the operational readiness and commercial viability of its Alpha rocket.
• Firefly’s September 22 report showed a $80.3 million loss on $15.55 million in revenue, including $9.2 million from Spacecraft Solutions, and the stock fell about 15% the next day.
• On September 29 the company disclosed the Alpha Flight 7 first stage was lost after earlier signaling an imminent launch, and shares fell roughly 21% by September 30.