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The filed complaint alleges that SCHMID Group N.V. made materially false and/or misleading statements and/or failed to disclose that: Schmid issued a press release on November 17, 2025, disclosing receipt of a staff determination letter from the Nasdaq's Listing Qualifications Department, advising the company of the staff's decision "to delist the Company's ordinary shares and warrants from Nasdaq unless the Company timely appeals the staff's determination," due to the Company's failure to file its annual report for 2024. Following this news, Schmid's stock price fell over 31% on November 18, 2025.
In order to be eligible to join the SHMD class action lawsuit, you must have incurred a loss on shares of SCHMID Group N.V. purchased during the class period listed above.
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