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The filed complaint alleges that Airship AI Holdings, Inc. made materially false and/or misleading statements and/or failed to disclose that: Airship AI issued a press release on November 14, 2024, reporting its financial and operational results for the third quarter of 2024. Among other items, Airship AI reported revenue of $2.9 million, missing consensus estimates by $1.9 million. In the press release, President Paul Allen stated that the Company "saw several large opportunities pushed out to FY 2025 or drastically cut due to budget challenges across several federal agencies" and that "the completion of the capital raise late in the quarter caused delays in bringing in several opportunities as the funds were needed to cover the cost of goods sold for those opportunities." Following this news, Airship AI's stock price fell over 22% on November 15, 2024.
In order to be eligible to join the AISP class action lawsuit, you must have incurred a loss on shares of Airship AI Holdings, Inc. purchased during the class period listed above.
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