INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pony AI Inc. - PONY
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pony AI Inc. - PONY |
| [31-March-2025] |
NEW YORK, March 31, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pony AI Inc. ("Pony" or the "Company") (NASDAQ: PONY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Pony and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On or around November 27, 2024, Pony conducted its U.S. initial public offering ("IPO") of 20 million American Depositary Shares ("ADSs") priced at $13.00 per share. Then, on March 25, 2025, Pony issued a press release announcing its unaudited financial results for the fourth quarter and full year ended December 31, 2024. Among other items, Pony disclosed a 29.8% year-over-year decline in sales, along with a 61.9% year-over-year decline in Robotaxi services revenue. On this news, Pony's ADS price fell $1.07 per ADS, or 8.1%, to close at $12.14 per ADS on March 25, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:
SOURCE Pomerantz LLP | ||
Company Codes: NASDAQ-NMS:PONY |
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