Wise Group plc Class Action Lawsuit - WSE

Company: Wise Group plc

Ticker: (NASDAQ) WSE

Days Left

Lead Plaintiff Deadline: September 29, 2026

Join the Wise Group plc Class Action Lawsuit

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Certification of Plaintiff Pursuant to Federal Securities Laws

I, duly certify and say, as to the claims asserted under the federal securities laws, that:

1. I have reviewed a complaint filed in the action.

2. I did not purchase the security that is the subject of this action at the direction of plaintiff's counsel or in order to participate in this action.

3. I am willing to serve as a representative party on behalf of the class, including providing testimony at deposition and trial, if necessary.

4. My transaction(s) in Wise Group plc which are the subject of this litigation during the class period set forth in the complaint are set forth in the chart attached hereto.

5. Within the last 3 years,

I have not sought to serve nor have I served as a class representative in any federal securities fraud case.
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6. I will not accept any payment for serving as a representative party on behalf of the class beyond the Plaintiff's pro rata share of any recovery, except as ordered or approved by the court, including any award for reasonable costs and expenses (including lost wages) directly relating to the representation of the class.

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Signed pursuant to California Civil Code Section 1633.1, et seq. - and the Uniform Electronic Transactions Act as adopted by the various states and territories of the United States.

By your signature above, you confirm that have retained Levi & Korsinsky, LLP to represent you and the shareholder class as a lead plaintiff in the pending class action against Wise Group plc. This representation will be on a contingency basis, meaning that Levi & Korsinsky will advance all expenses in the litigation and will only seek compensation and/or reimbursement of expenses if the firm obtains a recovery. Regardless of the result, we will never ask you to directly pay for any attorneys’ fees, expenses, or costs. Should we obtain a favorable result, we may ask the court to award us compensation and reimbursement of expenses to be paid by the defendants or as a portion of any class recovery. In exchange for our representation, you agree to cooperate as our client by providing, for example, relevant documents and deposition testimony, if necessary. During the course of this litigation, we may employ and/or work with other law firms, experts, and third-parties to successfully prosecute this action. If you are not appointed as the lead plaintiff or Levi & Korsinsky is not appointed as lead counsel, we will notify you of such decision at which time this representation will end unless otherwise extended by you and the firm. We look forward to working with you towards a successful resolution of this action.

I have reviewed the complaint linked in paragraph 1

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Class Period

Begins

May 2026

Ends

Jul 2026

May 11, 2026 - July 23, 2026

Allegations

The filed complaint alleges that Wise Group plc made materially false and/or misleading statements and/or failed to disclose that: (1) in order to have a successful debut on the NASDAQ, defendants materially understated Wise’s regulatory risks as a result of its materially deficient anti-money laundering efforts, as well as insufficient efforts to prevent the financing of terrorism; and (2) as a result, defendants’ statements about Wise’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Eligibility

In order to be eligible to join the WSE class action lawsuit, you must have incurred a loss on shares of Wise Group plc purchased during the class period listed above.

Lead Plaintiff Deadline

If you suffered a loss in Wise Group plc during the relevant time frame, you have until September 29, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

Wise Group plcClass Action Lawsuit Details

Key Facts About Wise Group plc (NASDAQ: WSE)

● The Allegation: The complaint alleges Wise Group plc materially understated regulatory risks tied to anti-money laundering and counter-terrorism financing controls in connection with its May 11, 2026 transfer to Nasdaq, while emphasizing U.S. growth prospects.

● The Stock Drop: WSE fell $0.82, or 7.1%, to close at $10.72 per share on June 3, 2026, after Reuters reported a Belgian money-laundering investigation; earlier, WSE fell $0.67, or 5.24%, to close at $12.10 per share on June 1, 2026, after that report and Wise's Form 6-K response; WSE fell $0.56, or 4.6%, to close at $11.54 per share on June 2, 2026, as the reaction continued; WSE fell $0.75, or 6.2%, to close at $11.33 per share on July 24, 2026, after The Wall Street Journal reported the OCC denied Wise's national trust bank license application.

● Class Period & Defendants: The class period runs from May 11, 2026 through July 23, 2026, inclusive. The named defendants are Wise Group plc, Kristo Käärmann (Chief Executive Officer and executive director at all relevant times), and Emmanuel Thomassin (Chief Financial Officer and Executive Director at all relevant times)

● Lead Plaintiff Deadline: September 29, 2026. Investors who wish to seek appointment as lead plaintiff must apply by the deadline.

Wise Class Action Summary
Company	Wise Group plc (NASDAQ: WSE)
Lead Plaintiff Deadline	September 29, 2026
Class Period	May 11, 2026 - July 23, 2026
Stock Drop	June 1, 2026 - WSE fell $0.67 (5.24%) to $12.10; June 2, 2026 - WSE fell $0.56 (4.6%) to $11.54 per share; June 3, 2026 - WSE fell $0.82 (7.1%) to $10.72 per share; July 24, 2026 - WSE fell $0.75 (6.2%) to $11.33 per share

Introduction

A securities class action lawsuit has been filed against Wise Group plc and certain executives. The action is brought on behalf of persons or entities who acquired Wise securities publicly traded on Nasdaq from May 11, 2026 through July 23, 2026, inclusive, and were damaged.

The complaint alleges Wise made materially false and misleading statements about regulatory risks. It says Wise hid serious AML and counter-terrorism financing weaknesses while promoting U.S. growth.

The complaint alleges investors suffered losses after reports disclosed the Belgian investigation and the OCC’s denial of Wise’s U.S. national trust bank application.

Company Profile

Wise Group plc is a global technology company focused on cross-border money movement and money management. The company offers Wise Account, Wise Business, and Wise Platform, allowing customers to hold more than 40 currencies, move money between countries, and spend abroad.

Class Period

May 11, 2026 – July 23, 2026

Investors who purchased or acquired Wise Group plc (WSE) securities during the Class Period may be eligible to seek recovery under federal securities laws.

Allegations

The complaint centers on Wise's May 11, 2026 transfer of its primary listing to Nasdaq from the London Stock Exchange. On that same day, Wise issued a press release describing the U.S. listing as a way to accelerate its mission and expand access to the U.S., which the company and its board chairman described as the largest market opportunity for its products.

Also on May 11, 2026, Wise filed a Form S-8 with the SEC that incorporated by reference its Form 20-F Registration Statement, declared effective on May 8, 2026. The Registration Statement disclosed that Wise's business was subject to extensive regulation, including payment services, money transmission, anti-money laundering, counter-terrorist financing, fraud detection, consumer protection, and related licensing requirements.

Plaintiffs allege those risk disclosures were materially false and misleading because they presented regulatory problems as general or hypothetical risks. According to the complaint, Wise was already under active investigation by Belgian authorities, and the company faced longstanding, material, and pervasive concerns about AML and counter-terrorism financing processes that threatened its U.S. national bank charter application.

The lawsuit further alleges defendants knew or recklessly disregarded these facts. Plaintiffs claim Wise materially understated regulatory risk to support a successful Nasdaq debut and that statements about the company's business, operations, and prospects lacked a reasonable basis at all relevant times.

The Truth Emerges

Reuters reported on June 1, 2026 that Wise's London-listed shares fell after news that the Brussels Public Prosecutor's Office was investigating Wise's European entity in cases reportedly involving more than half a billion euros, or $582.5 million, in suspicious transactions. The article said the investigation began the prior year and concerned potential money-laundering offenses with alleged links to fraud, corruption, and drug trafficking.

That same day, Wise filed a Form 6-K stating that it was working with the Brussels prosecutor to respond to queries. Wise said no specific findings had been shared with it, described law enforcement requests and suspicious activity reports as normal for financial institutions, and said those matters were not in themselves indicative of non-compliance or wrongdoing.

The Wall Street Journal later reported on July 24, 2026 that the Office of the Comptroller of the Currency denied Wise's application for a national trust bank license. The article said the OCC cited significant supervisory and compliance concerns, including longstanding deficiencies in anti-money laundering and countering the financing of terrorism at Wise U.S.

Market Reaction

Following the June 1, 2026 Reuters report and Wise's response, Wise's U.S.-listed shares fell $0.67 per share, or 5.24%, to close at $12.10 on June 1, 2026. The shares fell another $0.56 per share, or 4.6%, to close at $11.54 per share on June 2, 2026, then fell a further $0.82 per share, or 7.1%, to close at $10.72 per share on June 3, 2026.

After The Wall Street Journal reported the OCC's denial on July 24, 2026, Wise U.S.-listed shares fell $0.75 per share, or 6.2%, to close at $11.33 per share. The complaint alleges these declines caused significant losses to investors who acquired Wise securities during the Class Period.

Next Steps

● Lead Plaintiff Deadline:September 29, 2026

● After the lead plaintiff deadline, the Court will consider any lead plaintiff motions.

● Defendants may file a motion to dismiss.

● If the case proceeds, the Court may later consider class certification.

Disclaimer: This shareholder alert is for informational purposes only and does not constitute legal advice. Consult a qualified attorney for personalized guidance. No specific outcomes are guaranteed.