A securities class action has been filed in the USDC – W.D.TX. against Firefly Aerospace Inc. (FLY) (“Firefly” or the “Company”), on behalf of all persons and entities that purchased or otherwise acquired:

(a) Firefly Aerospace Inc. (“Firefly” or the “Company”) common stock pursuant and/or traceable to the Offering Documents issued in connection with the Company’s initial public offering conducted on or about August 7, 2025 (the “IPO” or “Offering”); and/or

(b) Firefly securities between August 7, 2025, and September 29, 2025, both dates inclusive (the “Class Period”).

 

Firefly operates as a space and defense technology company and purports to “provid[e] mission solutions for national security, government, and commercial customers with an established track record for success.” Operating through two business segments, Launch and Spacecraft Solutions, Firefly purports to “enable[] government and commercial customers to launch, land, and operate in space – anywhere, anytime.”

 

On July 11, 2025, Firefly filed a registration statement on Form S-1 with the SEC in connection with the IPO, which, after several amendments, was declared effective by the SEC on August 6, 2025 (the “Registration Statement”). On August 8, 2025, Firefly filed a prospectus on Form 424B4 with the SEC in connection with the IPO, which incorporated and formed part of the Registration Statement (the “Prospectus” and, together with the Registration Statement, the “Offering Documents”).

 

The complaint alleges that the Offering Documents were negligently prepared and, as a result, contained untrue statements of material fact or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation.  Additionally, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Offering Documents and Defendants made false and/or misleading statements and/or failed to disclose that:

 

(1) Firefly had overstated the demand and growth prospects for its Spacecraft Solutions offerings;

(2) Firefly had overstated the operational readiness and commercial viability of its Alpha rocket program;

(3) the foregoing, once revealed, would likely have a material negative impact on the Company; and

(4) as a result, the Offering Documents and Defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein, thereby harming investors.

 

Firefly’s stock price fell $7.66 per share, or 20.73%, to close at $29.30 per share on September 30, 2025.

 

If you purchased FireFly common stock pursuant and/or traceable to the Offering Documents issued in connection with the Company’s IPO, and/or (b) Firefly securities during the Class Period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.