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The filed complaint alleges that Pony AI Inc. made materially false and/or misleading statements and/or failed to disclose that: Pony issued a press release on March 25, 2025, 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. Following this news, Pony's ADS price fell over 8% on March 25, 2025.
In order to be eligible to join the PONY class action lawsuit, you must have incurred a loss on shares of Pony AI Inc. purchased during the class period listed above.
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