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Stock impact report

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against AST SpaceMobile, Inc. (ASTS; ASTSW)

AST SpaceMobile, Inc. - Class A (ASTS) 
Company Research Source: GlobeNewswire
NEW YORK, April 19, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Texas on behalf of all persons and entities who purchased securities of AST SpaceMobile, Inc. (“AST SpaceMobile” or the “Company”) (NASDAQ: ASTS; ASTSW) between November 14, 2023 and April 1, 2024, inclusive (the “Class Period”). The Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) production of AST SpaceMobile’s five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems; (2) as a result, AST SpaceMobile had not substantially completed the production of the Block 1 BlueBird satellites; and (3) consequently, AST SpaceMobile’s five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024. The Complaint further alleges that on April 1, 2024, the Company di Show less Read more
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