Press release
Deadline in Lawsuit for Investors who lost money with AST SpaceMobile, Inc. (NASDAQ: ASTS) coming up on June 17th
A Deadline is coming up on June 17, 2024 in the lawsuit for certain investors in AST SpaceMobile, Inc. (NASDAQ: ASTS).
Investors who purchased shares of AST SpaceMobile, Inc. (NASDAQ: ASTS) have certain options and there are strict and short deadlines running. Deadline: June 17, 2024. AST SpaceMobile, Inc. (NASDAQ: ASTS) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
According to the complaint filed in the U.S. District Court for the Western District of Texas the plaintiff alleges on behalf of purchasers of AST SpaceMobile, Inc. (NASDAQ: ASTS) common shares between November 14, 2023 and April 1, 2024, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between November 14, 2023 and April 1, 2024, the Defendants failed to disclose to investors that production of the Company's five Block 1 BlueBird satellites had been negatively impacted by two suppliers of key subsystems, that a result, the Company had not substantially completed the production of the Block 1 BlueBird satellites, that, as a result, the Company's five Block 1 BlueBird satellites were not on track to launch in the first quarter of 2024, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of AST SpaceMobile, Inc. (NASDAQ: ASTS) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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