Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Ibotta, Inc. due to alleged violations of federal securities laws related to misleading statements about its contract with Kroger and subsequent financial performance [3][5]. Group 1: Legal Investigation and Claims - Faruqi & Faruqi is encouraging investors who suffered losses in Ibotta to discuss their legal options, particularly in light of a federal securities class action with a deadline of June 16, 2025 [3][10]. - The complaint alleges that Ibotta and its executives failed to disclose the at-will nature of their contract with Kroger, which could be terminated without notice, leading to investor losses when this information became public [5][7]. Group 2: Financial Performance and Stock Impact - Ibotta conducted its IPO on April 13, 2024, offering 6.6 million shares at 34.0 million for Q2 2024, with operating expenses more than doubling year-over-year, and provided a revenue forecast for Q3 2024 that fell below consensus estimates [7]. - Following disappointing financial results and guidance, Ibotta's stock price dropped significantly, falling 26% to 34.01 on February 27, 2025, after further negative earnings reports [8].
INVESTOR ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Ibotta